Table 9-6 Output Per Hour Production and Production

question 123

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.What is the opportunity cost to produce 1 clock in Belize?

• A)1/2 of a hat
• B)2/3 of a hat
• C)1.5 hats
• D)2 hats

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Definitions:

Creative Intelligence

A facet of intelligence involving the ability to deal with new and different concepts and to come up with innovative solutions to problems.

Emotional Intelligence

The ability to perceive, understand, manage, and use emotions.

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The ability to grapple with big questions about human existence, such as the meaning of life, why we die, and how we got here, often associated with philosophical thinking.

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Pertaining to the intelligence that involves physical coordination, movement, and the ability to manipulate objects effectively.