Table 196
Production and
Consumption Production
Without Trade with Trade

question 81

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 clocks will Denmark gain compared to the 'without trade' numbers?

• A) 30
• B) 100
• C) 150
• D) 900

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Definitions:

CIA Operatives

Individuals working for the Central Intelligence Agency, often involved in covert operations, surveillance, and intelligence gathering internationally.

Joseph McCarthy

An American senator known for his 1950s campaigns to expose supposed communist infiltration in the U.S. government, leading to a period of widespread paranoia known as McCarthyism.

George Marshall

An American military leader, statesman, and diplomat who served as the Chief of Staff of the U.S. Army during World War II and later as Secretary of State, where he advocated for the European Recovery Program (also known as the Marshall Plan).

Communist

Pertaining to a political and economic ideology aiming for a classless society with collective ownership of production means, where goods and services are distributed based on need.