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

question 165

Multiple Choice

Table 19-11
Output per hour Production and Production
of work Consumption without Trade with Trade
$\begin{array}{|l|c|c|c|c|c|c|}\hline & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } & \text { Clocks } & \text { Hats } \\\hline \text { Denmark } & 6 & 3 & 900 & 150 & 1,200 & 0 \\\hline \text { Belize } & 1 & 2 & 150 & 100 & 0 & 400 \\\hline\end{array}$ 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.If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded,how many hats will Belize gain compared to the "without trade" numbers?

• A) -100
• B) 0
• C) 150
• D) 250

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Definitions:

Craft Product

An item that is made traditionally by hand, or with minimal mechanization, often emphasizing quality and uniqueness.

Art Product

A creation resulting from artistic activities, such as paintings, sculptures, or design pieces, intended for aesthetic appreciation or cultural significance.

Cultural Formulas

Predefined, widely recognized patterns or themes in media and literature that are replicated because they resonate with cultural norms and values.

Late Majority

A segment of technology adoption lifecycle that represents consumers who are skeptical and adopt new products or technologies after the average member of society.