Production Possibilities Data for Two Countries,Alpha and Beta,which Have Populations

question 57

Multiple Choice

Production possibilities data for two countries,Alpha and Beta,which have populations of equal size.

-Refer to the above 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.