Table 9-11 Output Per Hour Production and Production

question 348

Multiple Choice

Table 9-11
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 9-11 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.
-Refer to Table 9-11. Which country has an absolute advantage in producing clocks?

• A) Denmark
• B) Belize
• C) both countries
• D) neither country

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Definitions:

Problem Solving

The process of identifying, analyzing, and resolving issues through logical thinking, creativity, and decision-making techniques.

Planning

The process of making detailed strategies and decisions about how to achieve a goal or carry out a project effectively.

Coordination

The organization of different elements of a complex body or activity so as to enable them to work together effectively.

Complacency Trap

A situation where a person or organization becomes overly content with their achievements and stops striving for improvement or growth.