Table 13.6 Production and

question 72

Multiple Choice

Table 13.6
Production and
Consumption Production
Without Trade With Trade Denmark and Belize can produce both clocks and hats.Table 13.6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 13.6.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)1050

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Definitions:

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The scientific study of how individuals think, feel, and behave in social contexts and how the presence of others affects individual behavior.

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