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Table 9-11 Production and

question 299

Multiple Choice

Table 9-11
Production and
Consumption Production
Without Trade With Trade
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. Prior to trade, what was the opportunity cost to produce 1 clock in Denmark? A) 1/6 of a hat B) 2/3 of a hat C) 1.5 hats D) 6 hats 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. Prior to trade, what was the opportunity cost to produce 1 clock in Denmark?

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