The Accompanying Tables Give Production Possibilities Data for Gamma and Sigma

question 172

Multiple Choice

The accompanying tables give production possibilities data for Gamma and Sigma. All data are in tons. Gamma's production possibilities
$\begin{array}{c|c|c|c|c|c} & \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} & \mathrm{E} \\\hline \text { Tea } & 120 & 90 & 60 & 30 & 0 \\\hline \text { Pots } & 0 & 30 & 60 & 90 & 120 \\\hline\end{array}$ Sigma's production possibilities
$\begin{array}{c|c|c|c|c|c} & \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} & \mathrm{E} \\\hline \text { Tea } & 40 & 30 & 20 & 10 & 0 \\\hline \text { Pots } & 0 & 30 & 60 & 90 & 120 \\\hline\end{array}$ On the basis of this information,

• A) Gamma should export both tea and pots to Sigma.
• B) Sigma should export tea to Gamma, and Gamma should export pots to Sigma.
• C) Gamma should export tea to Sigma, and Sigma should export pots to Gamma.
• D) Gamma should export tea to Sigma, but it will not be profitable for the two nations to exchange pots.

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Definitions:

Marketing Expertise

Specialized knowledge or skill in crafting and executing strategies to promote products, services, or brands effectively to target audiences.

Offering Value

The perceived benefit or satisfaction consumers expect from a product or service, prompting their decision to engage in a transaction.

Marketing Exchange

Marketing exchange is the process through which two or more parties give something of value to each other to satisfy their respective needs.

Nonprofit Organization

An organization whose primary goal is not to make a profit but to benefit the public or a specific group of people.