Table 13.6 Production and

question 46

Multiple Choice

Table 13.6
Production and
Consumption Production
Without Trade With Trade Denmark and Belize can produce both clocks and hats.Table 13.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 13.6.All of the following are terms of trade that could possibly benefit both countries except

• A)1/5 of a hat : 1 clock.
• B)1/3 of a hat : 1 clock.
• C)1/2 of a hat : 1 clock.
• D)3/4 of a hat : 1 clock.

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Learn the steps in building and fostering positive business relationships.

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Definitions:

Organic Product

A substance derived from living matter or composed of organic compounds.

Organic Product

A term used to describe substances that have been manufactured or processed without the use of synthetic chemicals, often certified by regulatory bodies.

Hydrazone Derivative

A compound resulting from the reaction of a hydrazine with a carbonyl group, typically in aldehydes or ketones, forming a double N=N bond.

Ketone

An organic compound characterized by a carbonyl group bonded to two carbon atoms.