Answer the Question on the Basis of the Following Production

question 99

Multiple Choice

Answer the question on the basis of the following production possibilities data for two countries,Alpha and Beta,which have populations of equal size. $\begin{array}{c}\quad\quad\underline{\text { Alpha's Production Possibilities }}\\\begin{array}{lll} \\ \text {Fish (Tons) }\\ \text {Chips (Tons) } \end{array}\begin{array}{c}\underline{\text {A }}\\ 80 \\0\end{array}\begin{array}{c}\underline{\text {B }}\\ 60 \\5\end{array}\begin{array}{c}\underline{\text {C }}\\ 40 \\10\end{array}\begin{array}{c}\underline{\text {D }}\\20 \\15\end{array}\begin{array}{c}\underline{\text {E }}\\0 \\20 \end{array}\end{array}$

$\begin{array}{c}\quad\quad\underline{\text { Beta's Production Possibilities }}\\\begin{array}{lll} \\ \text {Fish (Tons) }\\ \text {Chips (Tons) } \end{array}\begin{array}{c}\underline{\text {A }}\\240 \\0\end{array}\begin{array}{c}\underline{\text {B }}\\ 180 \\10\end{array}\begin{array}{c}\underline{\text {C }}\\120 \\20\end{array}\begin{array}{c}\underline{\text {D }}\\60 \\30\end{array}\begin{array}{c}\underline{\text {E }}\\0 \\40 \end{array}\end{array}$


Refer to the given data.Beta:

• A) should specialize in catching fish and trade with Alpha for chips.
• B) should specialize in producing chips and trade with Alpha for fish.
• C) will not realize gains from specialization and trade.
• D) will export both fish and chips to Alpha.

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Definitions:

Due Date

The specified date by which a task, assignment, payment, or project is expected or required to be completed or submitted.

Interest Due

The amount of interest payment that is owed but has not yet been paid at a particular date.

Maturity

This term refers to the date on which a financial obligation (such as a bond or loan) must be repaid in full.

Aging Of Receivables

A method used in accounting to estimate the amount of receivables that may not be collectible by categorizing them according to the length of time they have been outstanding.