Production Possibilities Data for Gamma and Sigma

question 144

Multiple Choice

Production possibilities data for Gamma and Sigma.All data are in tons.Gamma production possibilities: Sigma production possibilities:
On the basis of the above information:

• A)Gamma should export both tea and pots to Sigma.
• B)Sigma should export tea to Gamma and Gamma should export pots to Sigma.
• C)Gamma should export tea to Sigma and Sigma should export pots to Gamma.
• D)Gamma should export tea to Sigma, but it will not be profitable for the two nations to exchange pots.

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Definitions:

Environmental Policy

Rules and regulations that are directed towards the protection of the environment from harmful human activities.

Cost And Benefits

An analysis technique used to evaluate the overall gains and expenses associated with a particular action or decision.

Secondary Effects

Unintended consequences or outcomes that occur as a result of a primary action, often overlooked in initial planning or analysis.

Property Rights

are the legal rights to possess, use, and dispose of assets, including real property and intellectual property.