Solved

The Tables Give Production Possibilities Data for Two Countries, Alpha  Alpha’s production possibilities { \text { Alpha's production possibilities } }

Question 32

Multiple Choice

The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size.
 Alpha’s production possibilities { \text { Alpha's production possibilities } }
ABCDE Fish (Tons)  806040200 Chips (Tons)  05101520 Beta’s production possibilities ABCDE Fish (Tons)  240180120600 Chips (Tons)  010203040\begin{array}{l}\begin{array} { | l | c | c | c | c | c | } \hline & A & B & C & D & E \\\hline \text { Fish (Tons) } & 80 & 60 & 40 & 20 & 0 \\\hline \text { Chips (Tons) } & 0 & 5 & 10 & 15 & 20 \\\hline\end{array}\\\\\\{ \text { Beta's production possibilities } } \\\begin{array} { | l | c | c | c | c | c | } \hline & A & B & C & D & E \\\hline \text { Fish (Tons) } & 240 & 180 & 120 & 60 & 0 \\\hline \text { Chips (Tons) } & 0 & 10 & 20 & 30 & 40 \\\hline\end{array}\end{array} The given data show that


A) Beta has a comparative advantage in producing chips.
B) Alpha has a comparative advantage in catching ?sh.
C) Alpha is subject to constant costs and Beta is subject to increasing costs.
D) Beta is more e?cient than Alpha both in catching ?sh and in producing chips.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents