Table 9-6 Output Per Hour Production and Production

question 3

Multiple Choice

Table 9-6
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 9-6 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-6.With trade, what is the total gain in clock production?

• A)150
• B)300
• C)2,100
• D)2,250

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Definitions:

Risky Stocks

Shares in companies with high volatility and potential for substantial gains or losses.

Scatter Plot

A graphical representation of the relationship between two variables using dots to represent the value of each.

Correlation Coefficient

A mathematical metric that evaluates the intensity of the correlation between the movements of two related variables.

Line of Best Fit

A straight line drawn through the center of a group of data points on a scatter plot, showing the direction of a relationship.