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Table 18-6 Production and

question 20

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Table 18-6
Production and
Consumption Production
Without Trade With Trade
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.All of the following are terms of trade that could possibly benefit both countries except A)  1/5 of a hat : 1 clock. B)  1/3 of a hat : 1 clock. C)  1/2 of a hat : 1 clock. D)  3/4 of a hat : 1 clock. 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.All of the following are terms of trade that could possibly benefit both countries except


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