Use the following to answer question(s) : Production Possibilities in Alphaland and Omegaland
-(Exhibit: Production Possibilities in Alphaland and Omegaland) Which of the following statements is true?
A) Omegaland can produce more computers than Alphaland.
B) Alphaland is capable of producing more of both goods.
C) Trade is not possible since it would not be advantageous for Alphaland.
D) Trade will benefit Alphaland but not Omegaland.
Correct Answer:
Verified
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Q61: Gains of trade are possible for two
Q62: The United States can produce both grain
Q63: Opportunities created by trade:
A) induce a greater
Q64: A country with a lower relative cost
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