Output per hourProduction and Production Estonia Morocco of work Swords 5 2 Belts 3 2 Consumption without Trade Swords 100 40 Belts 60 40 with Trade Swords 200 0 Belts 0 80 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.

Output per hourProduction and Production Estonia Morocco of work Swords 5 2 Belts 3 2 Consumption without Trade Swords 100 40 Belts 60 40 with Trade Swords 200 0 Belts 0 80 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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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