Multiple Choice
Use the following to answer question(s) : Production Possibilities in Alphaland and Omegaland
-(Exhibit: Production Possibilities in Alphaland and Omegaland) If the terms of trade established turn out to be 1 car for 1 computer, then:
A) producers of computers in Alphaland will accept these terms, and, eventually, production in Alphaland will take place inside its production possibilities curve.
B) producers of cars in Omegaland will produce more cars, and production in Omegaland will take place inside its production possibilities curve.
C) computer producers in Omegaland will be displaced as cheaper computers arrive from Alphaland.
D) car producers in Omegaland will be displaced as cheaper cars arrive from Alphaland.
Correct Answer:
Verified
Correct Answer:
Verified
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