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Table 19-11
Output Per Hour Production and Production
of Work

question 311

Multiple Choice

Table 19-11
Output per hour Production and Production
of work Consumption without Trade with Trade
 Clocks  Hats  Clocks  Hats  Clocks  Hats  Denmark 639001501,2000 Belize 121501000400\begin{array}{|l|c|c|c|c|c|c|}\hline & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } \\\hline \text { Denmark } & 6 & 3 & 900 & 150 & 1,200 & 0 \\\hline \text { Belize } & 1 & 2 & 150 & 100 & 0 & 400 \\\hline\end{array} 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 19-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-11.Which country has an absolute advantage in producing clocks?


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Retailer's Advertising

Marketing efforts carried out by retailers to promote their products, services, and brand to potential customers.

Local Advertising

Promotion and marketing efforts targeted at the audience within a specific geographic location.

Manufacturer's Products

Items produced by companies specializing in the fabrication and production of goods for sale in markets.

Product Placement

The practice of subtly incorporating branded products into media content as a form of advertisement.

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