Refer to Table 9-11. If the actual terms of trade are 1 hat for ...

[james9437]

Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many clocks will Belize gain compared to the without trade numbers?
 
  A) -100 B) 100 C) 120 D) 250

Question 2

Which of the following is a consequence of minimum wage laws?
 
  A) Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage.
  B) Employers will be reluctant to offer low-skilled workers jobs with training.
  C) All workers benefit when the minimum wage is increased.
  D) Low-skilled workers benefit because minimum wage increases the number of jobs providing low-skilled workers with training.

[T4T]

Answer to Question 1

C

Answer to Question 2

B

[james9437]

Thanks for the timely response, appreciate it

[softEldritch]

TYSM