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:

Formal Group

An official group formed within an organization, designed with a specific purpose and structured roles.

Informal Group

A naturally occurring group formed by individuals within an organization based on personal relationships and common interests.

Cohesive Group

indicates a group characterized by strong bonds and unity among its members, often leading to improved cooperation and performance.

Informal Group

A group formed naturally by individuals within an organization based on personal relationships or shared interests rather than structured, official assignments.