Assume That by Devoting All Its Resources to the Production

question 117

True/False

Assume that by devoting all its resources to the production of X, nation Alpha can produce 40 units of X. By devoting all its resources to Y, Alpha can produce 60Y. Comparable figures for nation Beta are 60X and 40Y. If Alpha had produced 20X and 30Y and Beta had produced 30X and 20Y before specialization and trade, then we can say that the gains from specialization and trade are 10X and 10Y.

---

Definitions:

Organic Halide

Organic compounds containing a halogen atom (fluorine, chlorine, bromine, or iodine) covalently bonded to carbon; utilized in various chemical syntheses and reactions.

Carboxylation

A chemical reaction that introduces a carboxyl group (-COOH) into a molecule.

Grignard Reagent

An organomagnesium compound used in organic chemistry for carbon-carbon bond formation, represented as RMgX where R is an alkyl or aryl group and X is a halogen.

Organic Halide

An organic compound containing one or more halogen atoms (fluorine, chlorine, bromine, or iodine) covalently bonded to carbon.