Table 9-6 Output Per Hour Production and Production

question 35

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 an absolute advantage in producing hats?

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

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Definitions:

Manufacturer

An entity or individual that produces goods or products from raw materials through the use of labor, machinery, and equipment.

Obvious Risks

Hazards or dangers that are clear and recognizable to a reasonable person without the need for explicit warning.

Strictly Liable

A legal principle where an individual or organization is held responsible for damages or injuries caused by their actions or products, regardless of fault or intent.

Soft Drinks

Non-alcoholic beverage, typically carbonated, which includes sodas, colas, and other flavored and sweetened drinks.