The only two countries in the world, Alpha and Omega, face the following production possibilities frontiers.
Alpha's Production Possibilities Frontier Omega's Production Possibilities Frontier 
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.
Definitions:
Self-Actualization Needs
The highest level in Maslow's hierarchy of needs, pertaining to the realization of an individual's potential, self-fulfillment, and personal growth.
Personal Fulfillment
The achievement of life goals, dreams, or ambitions leading to a sense of satisfaction and contentment.
Self-Actualization
Realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.
Personal Fulfillment
A sense of satisfaction or achievement an individual feels upon meeting personal goals, values, or desires.
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