Table 196
Production and
Consumption Production
Without Trade with Trade

question 127

Multiple Choice

Table 19.6
Production and
Consumption Production
Without Trade with Trade
$$\begin{array} { | l | l | l | l| l | } \hline & \text { Clerks } & \text { Hats } & \text { Clerks } & \text { Hats } \\\hline \text { Denmark } & 900 & 150 & 1200 & 0 \\\hline \text { Belize } & 150 & 100 & 0 & 400 \\\hline\end{array}$$ Denmark and Belize can produce both clocks and hats. Table 19.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 19.6.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) 1 050

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Definitions:

Puritans

A collective of English Protestants during the 16th and 17th centuries aiming to cleanse the Church of England from Roman Catholic rituals.

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") occurring from 1642 to 1651, fundamentally concerning the manner of England's governance and issues of religious freedoms.

Catholicism

The Christian denomination led by the Pope in Rome, characterized by its sacraments, doctrines, and global presence.

English

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