Answer the next question on the basis of the following production possibilities data for two countries, Alpha and Beta, which have populations of equal size.
- Beta…
A) should specialize in catching fish and trade with Alpha for chips.
B) should specialize in producing chips and trade with Alpha for fish.
C) will not realize gains from specialization and trade.
D) will export both fish and chips to Alpha.
Correct Answer:
Verified
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