The Only Two Countries in the World,Alpha and Omega,face the Following

question 90

Essay

The only two countries in the world,Alpha and Omega,face the following production possibilities frontiers.
a.Assume that each country decides to use half of its resources in the production of each good.Show these points on the graphs for each country as point A.
b.If these countries choose not to trade,what would be the total world production of popcorn and peanuts?
c.Now suppose that each country decides to specialize in the good in which each has a comparative advantage.By specializing,what is the total world production of each product now?
d.If each country decides to trade 100 units of popcorn for 100 units of peanuts,show on the graphs the gain each country would receive from trade.Label these points B.

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Definitions:

Work-related Behaviour

Refers to actions and attitudes of employees directly relevant to the tasks and goals of their employment.

Motivation

The method that begins, directs, and sustains actions aimed at achieving objectives.

Goals

Objectives or desired results that an individual, group, or organization aims to achieve within a specific timeframe.

Motivation

The internal or external stimuli that induce individuals to pursue goals or perform tasks.