Table 18-6 Production and

question 127

Multiple Choice

Table 18-6
Production and
Consumption Production
Without Trade With Trade
Denmark and Belize can produce both clocks and hats. Table 18-6 shows the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 18-6.Prior to trade,what was the opportunity cost to produce 1 clock in Belize?

• A) 1/6 of a hat
• B) 2/3 of a hat
• C) 1.5 hats
• D) 6 hats