Table 7-6 Production and

question 167

Multiple Choice

Table 7-6
Production and
Consumption Production
Without Trade With Trade
Estonia and Morocco can produce both swords and belts.Table 7-6 shows the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded,how many swords will Morocco gain compared to the "without trade" numbers?

• A)5
• B)45
• C)105
• D)150

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Definitions:

Title

Title refers to the legal right to own, use, or dispose of property, whether it's real estate or personal property.

Physically Delivered

A term used in derivative markets indicating that upon contract expiration, the actual underlying asset is delivered rather than a cash settlement.

Identification

the act of determining or verifying the identity of a person or object, often through documents like ID cards or digital means.

Shipped

Refers to goods that have been transported from one location to another, usually through the use of a carrier or logistical service.