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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 328 times)

chads108

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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 sword in Morocco?


◦ 1/2 of a belt
◦ 1 belt
◦ 1.5 belts
◦ 2 belts


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Marked as best answer by chads108 on Mar 16, 2019

scikid

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scikid

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