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The Following Data Outline Production Choices (A or B) in Two

question 1

Multiple Choice

The following data outline production choices (A or B) in two nations, Gamma and Sigma. Each nation has a workforce of 10.

 Output per worker in Gamma  Output per worker in Sigma ABAB Tea 1200 Tea 400 Pots 0120 Pots 0120\begin{array}{|l|c|c|l|l|c|c|}\hline{\text { Output per worker in Gamma }} & &&&{\text { Output per worker in Sigma }} \\\hline & \mathrm{A} & \mathrm{B} & & & \mathrm{A} & \mathrm{B} \\\hline \text { Tea } & 120 & 0 & & \text { Tea } & 40 & 0 \\\hline \text { Pots } & 0 & 120 & & \text { Pots } & 0 & 120 \\\hline\end{array}
-Assume that before specialization and trade,each nation devoted half of its workforce to each product.If these two nations fully specialize in accordance with comparative advantage,the total gains from specialization would be:


Definitions:

Vision

An inspirational portrayal of a company's objectives and the broad strategies to achieve them.

Productive Forgetting

The ability to abandon a solution that isn’t working in favor of a new one.

Supervisory Support

Assistance and guidance provided by supervisors or managers to their subordinates, typically aimed at encouraging well-being and improving performance.

Innovation

The process of creating, developing, and implementing new ideas, products, or methods that bring novel solutions to problems or improvements to existing conditions.

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