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Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. Table 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. Which country has an absolute advantage in producing clocks?
Generalizing
The process of applying the findings from a specific instance to broader segments under similar but not identical circumstances.
Complicate
To make something more difficult or complex, often by adding new elements or problems.
Mopane Worm
A caterpillar in Southern Africa that is harvested for food, known scientifically as Gonimbrasia belina.
Generalization
The process in a learning context where a response is elicited by stimuli similar to the original stimulus.
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