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Table 9-12
Output per hour Production and Production
of work Consumption without Trade with Trade
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. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Estonia gain compared to the "without trade" numbers?
Moral Principles
Fundamental beliefs about what is right and wrong that guide an individual's actions and decisions.
Entitlements
Rights or benefits guaranteed to individuals or groups, often by law or contractual arrangement.
Rights
Entitlements or permissions, either legal, social, or moral, that individuals are given based on certain principles or standards.
Ethical Dilemma
A situation where a person faces a choice between two actions that are ethically challenging or conflict with moral imperatives.
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