Use the Following to Answer Question(s): Production Possibilities in Alphaland

question 11

Multiple Choice

Use the following to answer question(s) : Production Possibilities in Alphaland and Omegaland

-(Exhibit: Production Possibilities in Alphaland and Omegaland) At the points where they are producing (A and A', respectively) , Alphaland has a(n) _______ in producing _______ and Omegaland has a _______ in producing _______.

• A) absolute advantage; computers; comparative advantage; cars
• B) comparative advantage; cars; comparative advantage; computers
• C) comparative advantage; computers; comparative advantage; cars
• D) comparative advantage; computers; absolute advantage; cars

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Definitions:

Assembling Invoices

The process of gathering and organizing invoices related to transactions or services rendered.

Financial Resources

Assets, funding, and capital available to an individual or organization to cover expenses, undertake new projects, or invest.

Human Resources

The department within an organization that is responsible for recruiting, managing, and directing people.

Materials

The tangible physical substances or components needed to produce a product or carry out a project.