Multiple Choice
The accompanying tables give production possibilities data for Gamma and Sigma. All data are in tons. Gamma's production possibilities Sigma's production possibilities
On the basis of this information,
A) Gamma should export both tea and pots to Sigma.
B) Sigma should export tea to Gamma, and Gamma should export pots to Sigma.
C) Gamma should export tea to Sigma, and Sigma should export pots to Gamma.
D) Gamma should export tea to Sigma, but it will not be profitable for the two nations to exchange pots.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following statements is true?<br>A)
Q8: In recent years, the United States has<br>A)
Q30: In a two-nation, two-good world, it is
Q139: "NAFTA" stands for<br>A) North African Free Trade
Q140: Frederic Bastiat's satire clearly illustrates that<br>A)French candlemakers
Q141: Starting in 2012, an important shift occurred
Q143: Suppose the domestic price (no-international-trade price)of copper
Q149: Differences in production efficiencies among nations in
Q150: "Offshoring" of certain production activities refers to<br>A)businesses
Q269: Assume that a tariff is imposed on