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Author Question: Table 7-6 Estonia and Morocco can produce both swords and belts. Each country has a total of 40 ... (Read 181 times)

crazycityslicker

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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


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Marked as best answer by crazycityslicker on Mar 16, 2019

enass

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