Table 19-11
Output Per Hour Production and Production
of Work

question 431

Multiple Choice

Table 19-11
Output per hour Production and Production
of work Consumption without Trade with Trade
$\begin{array}{|l|c|c|c|c|c|c|}\hline & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } \\\hline \text { Denmark } & 6 & 3 & 900 & 150 & 1,200 & 0 \\\hline \text { Belize } & 1 & 2 & 150 & 100 & 0 & 400 \\\hline\end{array}$ Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 19-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-11.If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded,how many clocks will Denmark gain compared to the "without trade" numbers?

• A) 30
• B) 100
• C) 150
• D) 900

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Definitions:

Product Supply

Product supply refers to the total quantity of a product that producers are willing and able to sell at a given price over a specific period of time.

Increases Product

Typically refers to strategies or actions taken to enhance the output or quality of goods and services produced by a company or economy.

Quantities Supplied

The amounts of a good or service that producers are willing and able to sell at various prices over a specified period of time.

Improved Technology

Enhancements or innovations in technology that increase productivity, efficiency, or performance in various sectors.