Employing All Its Available Resources, Nation Alpha Can Produce Either

question 339

Multiple Choice

Employing all its available resources, Nation Alpha can produce either 800 units of chemicals or 1,600 units of clothing. Nation Beta can produce either 200 units of chemicals or 800 units of
Clothing.

• A) Nation Alpha has a comparative advantage in producing clothing.
• B) Nation Beta has a comparative advantage in producing chemicals.
• C) Nation Alpha has a comparative advantage in producing chemicals.
• D) Nation Beta is the high-cost producer of clothing.

---

Definitions:

Tweaks

Tweaks are minor adjustments or modifications made to improve a system, process, or product, often fine-tuning it for better performance or usability.

Stability

A condition where a system, such as an economy or financial market, operates without excessive fluctuations or crises.

Invest

The act of allocating resources, often money, in the expectation of generating an income or profit.

Launching

The act of officially starting or introducing a new product, service, or business to the market.