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The Tables Give Production Possibilities Data for Two Countries, Alpha

Question 118

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The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size. Beta A) should specialize in catching fish and trade with Alpha for chips. B) should specialize in producing chips and trade with Alpha for fish. C) will not realize gains from specialization and trade. D) will export both fish and chips to Alpha. The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size. Beta


A) should specialize in catching fish and trade with Alpha for chips.
B) should specialize in producing chips and trade with Alpha for fish.
C) will not realize gains from specialization and trade.
D) will export both fish and chips to Alpha.

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