Table 9-6 Output Per Hour Production and Production

question 10

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.Prior to trade, what was the opportunity cost to produce 1 clock in Denmark?

• A)1/6 of a hat
• B)2/3 of a hat
• C)1.5 hats
• D)6 hats

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Definitions:

Process

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Sampling Bias

A statistical error that occurs when a sample is not representative of the population from which it is drawn, potentially leading to distorted results.