Table 7-6 Output Per Hour Production and Production

question 137

Multiple Choice

Table 7-6
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 7-6 shows the output per hour of work,the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.All of the following are terms of trade that could possibly benefit both countries except

• A)2/3 of a belt : 1 sword.
• B)4/5 of a belt : 1 sword.
• C)7/10 of a belt : 1 sword.
• D)1/4 of a belt : 1 sword.

Understand how the issuance of new shares affects stock supply and price.

Gain knowledge about the borrowing process for firms through bond issuance.

Understand the concept of risk and return in investment decisions.

Grasp the basics of national income accounting in a closed economy.

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