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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 gain compared to the "without trade" numbers?
Equation
A statement that asserts the equality of two expressions, typically including one or more variables.
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A handheld calculator that is capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.
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The default range of values on the x-axis and y-axis that are displayed on a graphing calculator's screen or graphing software.
Absolute Value
The distance of a number from zero on the real number line, without regard to direction; represented as \(|x|\).
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