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Table 9-12 Production and

question 312

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Table 9-12
Production and
Consumption Production
Without Trade With Trade
Table 9-12 Production and Consumption Production Without Trade With Trade    Estonia and Morocco can produce both swords and belts. Table 9-12 shows the production and consumption quantities without trade, and the production numbers with trade. -Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded, how many swords will Estonia gain compared to the  without trade  numbers? A)  5 B)  45 C)  100 D)  105 Estonia and Morocco can produce both swords and belts. Table 9-12 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded, how many swords will Estonia gain compared to the "without trade" numbers?

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Definitions:

Joseph Breuer

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Remission

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