Post by: jho37 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. 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?
◦ 25
◦ 75
◦ 100
◦ 125
Post by: sierramartinez on Mar 16, 2019
Post by: jho37 on Mar 16, 2019
Post by: sierramartinez on Mar 16, 2019