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Table 196
Production and
Consumption Production
Without Trade with Trade

question 43

Multiple Choice

Table 19.6
Production and
Consumption Production
Without Trade with Trade
 Clerks  Hats  Clerks  Hats  Denmark 90015012000 Belize 1501000400\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 Belize gain compared to the 'without trade' numbers?


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