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
What are the limits of the terms of trade between Gamma and Sigma?
A) 1 tea = 2 pots to 1 tea = 6 pots
B) 1 tea = 3 pots to 1 tea = 6 pots
C) 1 tea = 2 pots to 1 tea = 3.5 pots
D) 1 tea = 1 pot to 1 tea = 3 pots
Correct Answer:

Verified
Correct Answer:
Verified
Q15: A nation's export supply curve is downsloping,
Q39: If a nation starts exporting a product
Q148: Other things equal, economists would prefer<br>A) free
Q246: A natural-resource abundant nation would be expected
Q318: Import quotas on products will reduce the
Q336: Specialization and trade between individuals or between
Q337: When an export subsidy on a product
Q341: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q342: One main point of Frederic Bastiat's satire
Q343: Which of the following statements is true