Assume That by Devoting All Its Resources to the Production

True/False

Assume that by devoting all its resources to the production of X, nation Alpha can produce 20 units
of X. By devoting all its resources to Y, Alpha can produce 30Y. Comparable figures for nation Beta
are 60X and 40Y. There is no basis for trade between Alpha and Beta, because Beta has an
absolute advantage in the production of both goods.