1.

Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. The table below shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade. Output per hour Production and Production with of work Consumption without Trade Clocks Hats Clocks Hats Clocks Hats Denmark 6 3 900 150 1,200 0 Belize 1 2 150 100 0 400 Refer to the above table, if the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Belize gain compared to the "without trade" numbers? Denmark and Belize can produce both clocks and hats. Each country has a total of 200 available labor hours for the production of clocks and hats. The below table shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade. Output per hour Production and Production with of work Consumption Trade without Trade Clocks Hats Clocks Hats Clocks Hats Denmark 6 3 900 150 1,200 0 Belize 1 2 150 100 0 400 Refer to the table above, all of the following are terms of trade that could possibly benefit both countries except 0 1 hat : 3/5 of a clock 0 1 hat : 2.5 clocks O 1 hat : 1.5 clocks O 1 hat: 1 clock