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The Accompanying Tables Give Production Possibilities Data for Gamma and Sigma

Question 21

Multiple Choice

The accompanying tables give production possibilities data for Gamma and Sigma. All data are in tons.Gamma's production possibilities The accompanying tables give production possibilities data for Gamma and Sigma. All data are in tons.Gamma's production possibilities   Sigma's production possibilities   Assume that before specialization and trade, Gamma and Sigma both chose production possibility  C.  Now if each specializes according to comparative advantage, the gains from specialization and trade will be A) 40 tons of pots. B) 20 tons of tea and 20 tons of pots. C) 20 tons of tea. D) 40 tons of tea. Sigma's production possibilities
The accompanying tables give production possibilities data for Gamma and Sigma. All data are in tons.Gamma's production possibilities   Sigma's production possibilities   Assume that before specialization and trade, Gamma and Sigma both chose production possibility  C.  Now if each specializes according to comparative advantage, the gains from specialization and trade will be A) 40 tons of pots. B) 20 tons of tea and 20 tons of pots. C) 20 tons of tea. D) 40 tons of tea. Assume that before specialization and trade, Gamma and Sigma both chose production possibility "C." Now if each specializes according to comparative advantage, the gains from specialization and trade will be


A) 40 tons of pots.
B) 20 tons of tea and 20 tons of pots.
C) 20 tons of tea.
D) 40 tons of tea.

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