Output Per Hour Production and Production
of Work Consumption Without

question 215

Multiple Choice

Output per hour Production and Production
of work Consumption without Trade with Trade
$\begin{array}{|c|c|c|c|c|c|c|c|c|}\hline & \text { Swords } & \text { Belts } & &\text { Swords } & \text { Belts } && \text { Swords } & \text { Belts } \\\hline \text { Estonia } & 5 & 3 && 100 & 40 && 200 & 0 \\\hline \text { Morocco } & 2 & 2 & & 60 & 60 && 0 & 120 \\\hline\end{array}$
Estonia and Morocco can produce both swords and belts.Each country has a total of 40 available labor hours for the production of swords and belts.Table 9-12 shows the output per hour of work,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 sword in Estonia?

• A)1/3 of a belt
• B)3/5 of a belt
• C)1.67 belts
• D)3 belts

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A business structure where two or more individuals own and operate a business together, sharing all profits, losses, and liabilities equally, unless otherwise agreed.

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