Examlex

Solved

Table 9-11 Output Per Hour Production and Production

question 61

Multiple Choice

Table 9-11
Output per hour Production and Production
of work Consumption without Trade with Trade
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 a comparative advantage in producing hats? A)  Denmark B)  Belize C)  both countries D)  neither country 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 a comparative advantage in producing hats?


Definitions:

Consequences

The results or outcomes of actions, which can be intended or unintended, positive or negative.

Marketing Concept

The idea that a firm’s long-term success must include a companywide effort to satisfy customer needs and wants.

Sales Presentation

A pitch or demonstration given to prospective buyers with the goal of making a sale by highlighting the benefits and features of a product or service.

Product's Major Features

The primary attributes or characteristics that define a product and differentiate it from competitors.

Related Questions