The following is the Production possibilities data for two countries, Alpha and Beta, which have populations of equal size.
The above data show that:
A) Beta has a comparative advantage in producing chips.
B) Alpha has a comparative advantage in catching fish.
C) Alpha is subject to constant costs and Beta is subject to increasing costs.
D) Beta is more efficient than Alpha.
Correct Answer:
Verified
Q44: According to the principle of comparative advantage,
Q52: Assuming labour forces of equal size, the
Q54: The production possibilities curves below suggest that:
Q56: Q58: The data embodied in the below diagrams Q58: The following information is about the cost Q60: Given the following production possibilities schedules, it Q72: The "gain" from international trade is: Q73: Consider two countries which trade with each Q81: If a nation has a comparative advantage![]()
A)increased employment
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