Post by: crazycityslicker on Mar 16, 2019
Table 7-6
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. Prior to trade, what was the opportunity cost to produce 1 belt in Estonia?
◦ 1/3 of a sword
◦ 3/5 of a sword
◦ 1.67 swords
◦ 5 swords
Post by: enass on Mar 16, 2019
Post by: Madison Acuff on Jul 14, 2020