Table 7-6 Output Per Hour Production and Production

question 34

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.Which country has an absolute advantage in producing belts?

• A)Estonia
• B)Morocco
• C)both countries
• D)neither country

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Definitions:

Stock Repurchases

The act of a company buying back its own shares from the marketplace, reducing the amount of outstanding stock.

Capital Structure

The mix of different forms of funding used to finance a company's operations and growth, including debt and equity.

Income Tax

A tax levied by governments on the income generated by businesses and individuals within their jurisdiction.

Dividend Reinvestment Plan

A corporate program enabling investors to use their cash dividends to buy more or partial shares when dividends are paid out.