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Table 13.6 Production and

question 72

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Table 13.6
Production and
Consumption Production
Without Trade With Trade 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.If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Denmark gain compared to the 'without trade' numbers? A) -150 B) 0 C) 150 D) 1050 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.If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Denmark gain compared to the 'without trade' numbers?


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