Business, 21.04.2020 02:03 Izzyfizzy

The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size.
Alpha's production possibilities
A B C D E
Fish (Tons) 80 60 40 20 0
Chips (Tons) 0 5 10 15 20
Beta's production possibilities
A B C D E
Fish (Tons) 240 180 120 60 0
Chips (Tons) 0 10 20 30 40
Suppose that before specialization and trade, Alpha chose production alternative C and Beta chose production alternative B. After specialization and trade, the gains will be:.
A) 20 tons of fish.
B) 20 tons of chips.
C) 20 tons of fish and 20 tons of chips.
D) 240 tons of fish and 20 tons of chips.

Answers: 1

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The tables give production possibilities data for two countries, Alpha and Beta, which have populati...