Table 9-11 Production and

question 322

Multiple Choice

Table 9-11
Production and
Consumption Production
Without Trade With Trade
Denmark and Belize can produce both clocks and hats. Table 9-11 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. All of the following are terms of trade that could possibly benefit both countries except

• A) 1/5 of a hat : 1 clock
• B) 1/3 of a hat : 1 clock
• C) 1/2 of a hat : 1 clock
• D) 3/4 of a hat : 1 clock

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Definitions:

Renewable Resources

Natural resources that can be replenished at a rate comparable to their consumption, such as solar energy, wind, and biomass.

Perpetual Resources

Resources that are continuously available and not significantly diminished by human use, such as solar energy.

Global Climate Change

Long-term changes in temperature, precipitation, and weather patterns on Earth, largely attributed to human activities.

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Scientific understanding or conclusions that are widely accepted and agreed upon by a significant majority of experts in the field.