Fact Pattern 18-A Refer to the Following Data

question 82

Multiple Choice

Fact Pattern 18-A
Refer to the following data:
Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples.
-Refer to Fact Pattern 18-A.Which of the following statements is true?

• A)Alpha should export to Omega, but Omega should not export to Alpha.
• B)Since Alpha has an absolute advantage in both goods, no mutual gains from trade are possible.
• C)If Alpha specializes in growing oranges and Omega specializes in growing apples, they could both gain by specialization and trade.
• D)If Alpha specializes in growing apples and Omega specializes in growing oranges, they could both gain by specialization and trade.
• E)Since Alpha has a comparative advantage in producing both goods, no mutual gains from trade are possible.

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Definitions:

Professionalization

The process of becoming a professional; acquiring the skills, knowledge, and standards needed for a profession, often involving formal education and training.

Professionalization of Medicine

The process by which the practice and study of medicine have become increasingly structured and formally recognized as a profession, with specific training, ethical, and standards criteria.

Race

Is a social construct used to distinguish people in terms of one or more physical markers, usually with profound effects on their lives.

Ethnicity

A social category that groups people based on common cultural, linguistic, or ancestral traits.