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Question
Table 9-6Production and
Consumption Production
Without Trade With Trade
| Clocks | Hats | Clocks | Hats | |
| Denmark | 900 | 150 | 1,200 | 0 |
| Belize | 150 | 100 | 0 | 400 |
Denmark and Belize can produce both clocks and hats. Table 9-6 shows the production and consumption quantities without trade, and the production numbers with trade.
Refer to Table 9-6. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Denmark gain compared to the "without trade" numbers?
A) -150
B) 0
C) 150
D) 1,050
Answer
This answer is hidden. It contains 1 characters.
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