Table 196
Production and
Consumption Production
Without Trade with Trade

question 37

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.Prior to trade,what was the opportunity cost to produce one hat in Belize?

• A) 1/6 of a clock
• B) 2/3 of a clock
• C) 1.5 clocks
• D) 6 clocks

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Definitions:

Quarterly Dividends

These are dividends paid by a corporation to its shareholders every three months, or four times a year, representing a portion of the company's earnings.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, often used as a measure of a company's actual worth.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a share of the company’s profits.

Stock Price

The cost of purchasing a share of a company's stock, influenced by various economic, financial, and company-specific factors.