The only two countries in the world, Alpha and Omega, face the following production possibilities frontiers.
Alpha's Production Possibilities Frontier
Omega's Production Possibilities Frontier 
a.Assume that each country decides to use half of its resources in the production of each good. Show these points on the graphs for each country as point A.
b.If these countries choose not to trade, what would be the total world production of popcorn and peanuts?
c.Now suppose that each country decides to specialize in the good in which each has a comparative advantage. By specializing, what is the total world production of each product now?
d.If each country decides to trade 100 units of popcorn for 100 units of peanuts, show on the graphs the gain each country would receive from trade. Label these points B.
Definitions:
Freezing Lake
A lake whose surface has frozen solid, often occurring in winter, which can present dangers such as hypothermia or falling through the ice.
Restrictive Items
Objects or substances limited or forbidden due to regulations, typically for safety or security reasons.
Apical Pulse
The pulse rate measured at the apex of the heart, fundamental for assessing cardiac function.
Stethoscope
A medical instrument used to listen to sounds within the body, such as the heart and lungs.
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