Table 9-6 Output Per Hour Production and Production

question 25

Multiple Choice

Table 9-6
Output per hour Production and Production
of work Consumption without Trade with Trade

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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6.Which country has a comparative advantage in producing clocks?

• A)Denmark
• B)Belize
• C)both countries
• D)neither country

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Definitions:

Competitive Advantage

The attribute that allows an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer loyalty.

Tariffs

Taxes imposed on imported goods, which can affect international trade by increasing the cost of goods and services.

Internationalization

The process of designing products, services, and strategies in a way that they can be adapted to various cultural and geographical markets.

Economic Interdependence

Economic interdependence is the condition in which countries or regions depend on each other for goods, services, and resources, leading to a network of economic relationships.