Table 9-6 Output Per Hour Production and Production

question 70

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.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:

Estimated Lifetime

An approximation of the duration that an organism, product, or entity is expected to exist or function.

Educational Attainment

The highest level of education an individual has completed, such as a high school diploma, bachelor's degree, or higher.

Bachelor's

A Bachelor's degree is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting typically three to four years.

Mass Schooling

The provision of education on a large scale, aiming to offer standardized educational opportunities to the populace.