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Answer the Question on the Basis of the Following Production

question 43

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.Suppose that before specialization and trade Alpha chose production alternative C and Beta chose production alternative B.After specialization and trade,the gains will be:

Definitions:

Customary

Established patterns of behavior or practices that are considered accepted and traditional within a particular social, cultural, or professional group.

Bribery

The offering, giving, receiving, or soliciting of something of value as a means of influencing the actions of an individual or group in a position of power.

Illicit Advantage

Obtaining benefits or gains in an illegal or unethical manner, often through unfair practices or insider information.

Offering

The act of presenting something for acceptance, especially in the context of issuing securities for sale or initiating a new product or service in the market.