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

question 360

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 clocks will Belize gain compared to the "without trade" numbers?

• A) -100
• B) 100
• C) 120
• D) 250

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Definitions:

Unconscionable

Refers to actions or terms that are excessively unjust or unreasonable, often to a degree that they violate fairness or ethics.

Supply

The sum of a product or service that can be bought at a specific price.

Land

The surface of the earth and its natural resources, considered a fundamental factor of production in economics.

Usury Laws

Regulations that set the maximum interest rate that can be charged on loans.