Question
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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