Post by: SGallaher96 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. All of the following are terms of trade that could possibly benefit both countries
except
◦ 2/3 of a belt : 1 sword.
◦ 4/5 of a belt : 1 sword.
◦ 7/10 of a belt : 1 sword.
◦ 1/4 of a belt : 1 sword.
Post by: joneynes on Mar 16, 2019
Post by: SGallaher96 on Mar 16, 2019
Post by: joneynes on Mar 16, 2019