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All of the following are terms of trade that could possibly benefit both countries except Table 9-12 Output per hour Production and Production of work

All of the following are terms of trade that could possibly benefit both countries except Table 9-12 Output per hour Production and Production of work Consumption without Trade with Trade

Swords

Belts

Swords

Belts

Swords

Belts

Estonia

5

3

100

40

200

0

Morocco

2

2

60

60

0

120

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 9-12 shows the output per hour of work, the production and consumption quantities without trade, and the production numbers with trade.

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