Table 9-6 Output Per Hour Production and Production

question 14

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 hat in Denmark?

• A)1/6 of a clock
• B)1/2 of a clock
• C)2 clocks
• D)6 clocks

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Definitions:

Medical Services

Healthcare services provided to diagnose, treat, and prevent illness, injury, and other physical and mental impairments in individuals.

Mobile Devices

Portable electronic devices with computing capabilities, including smartphones and tablets.

Manage Employees

The practice of leading, directing, and overseeing the work and development of staff within an organization.

Operational Efficiency

The ability of an organization to minimize its input costs while maximizing its output without sacrificing quality.