-Two Countries, Alpha and Beta, Have Identical Production Possibilities Frontiers

question 68

Multiple Choice

-Two countries, Alpha and Beta, have identical production possibilities frontiers. If Alpha produces at point a and Beta produces at point b, then

• A) Alpha's and Beta's economic growth rates will be the same.
• B) Alpha consumes less than Beta today, but it will grow faster than Beta.
• C) Beta's future consumption will be greater than Alpha's.
• D) Beta's economic growth rate will exceed Alpha's.

Understand the application of horizontal analysis in financial statement analysis.

Understand the components and significance of balance of trade and current accounts in international economics.

Identify and explain the mechanisms and forums for resolving international business disputes.

Recognize the purpose and impact of quotas and tariffs on international trade.

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