Table 7-6 Output Per Hour Production and Production

question 82

Multiple Choice

Table 7-6
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 7-6 shows the output per hour of work,the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded,how many belts will Morocco consume?

• A)60
• B)70
• C)90
• D)120

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Definitions:

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Probability

A quantification of the probability of an event happening, indicated by a value ranging from 0 to 1, with 0 meaning the event cannot happen and 1 meaning the event is certain to happen.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the values are.

Simple Random Sample

An evenly selected portion of a wider population, with each participant having an equal opportunity to be chosen.