Production possibilities data for Gamma and Sigma.All data are in tons.Gamma production possibilities:
Sigma production possibilities:
Refer to the above data.What are the limits of the terms of trade between Gamma and Sigma?
A) 1 tea = 2 pots to 1 tea = 6 pots
B) 1 tea = 3 pots to 1 tea = 6 pots
C) 1 tea = 2 pots to 1 tea = 3.5 pots
D) 1 tea = 1 pot to 1 tea = 3 pots
Correct Answer:
Verified
Q56: Q57: The following is the Production possibilities data Q58: The following information is about the cost Q59: The production possibilities table given below shows Q60: The production possibilities curves below suggest that: Q62: Refer to the diagram below in which, Q63: The following information is about the cost Q64: Production possibilities data for Gamma and Sigma.All Q65: Production possibilities data for two countries, Alpha Q66: Free trade based on comparative advantage is![]()
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