Table 9-12 Production and

question 343

Multiple Choice

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. Prior to trade, what was the opportunity cost to produce 1 belt in Estonia?

• A) 1/2 of a sword
• B) 4/5 of a sword
• C) 1.25 swords
• D) 2 swords

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