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Table 19-12
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts. Each country has a total of 40 available labor hours for the production of swords and belts. Table 19-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19-12.If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded,how many swords will Morocco consume?
Dual-Income Families
Households in which both partners earn income from employment, becoming increasingly common in modern societies.
Paid Family Leave
An employee benefit that provides paid time off work to care for a family member or for childbirth or adoption.
Work Week
The standard period of time during which work is done, usually defined as Monday through Friday, totaling approximately 40 hours in many countries.
Young Adults
Individuals in their late teens to early twenties, often considered a distinct developmental stage.
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