Output per hour Production and Production Estonia Morocco O 120 O 70 O O of work 90 Swords 5 2 50 Belts 3 2 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. Consumption without Trade Swords 100 60 Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia consume? Belts 40 60 with Trade Swords 200 0 Belts 0 120

Output per hour Production and Production Estonia Morocco O 120 O 70 O O of work 90 Swords 5 2 50 Belts 3 2 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. Consumption without Trade Swords 100 60 Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia consume? Belts 40 60 with Trade Swords 200 0 Belts 0 120

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Answer plzz...

Output per hourProduction and Production
Estonia
Morocco
O 120
O 70
O
O
of work
90
Swords
5
2
50
Belts
3
2
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.
Consumption without Trade with Trade
Swords
100
60
Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts
are traded, how many belts will Estonia consume?
Belts
40
60
Swords
200
0
Belts
0
120

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