The tables give production possibilities data for two countries, Alpha and Beta,

Question

The tables give production possibilities data for two countries, Alpha and Beta, which have populations of equal size.

The given data show that

Multiple Choice

Beta has a comparative advantage in producing chips.

Beta is more efficient than Alpha both in catching fish and in producing chips.

Alpha has a comparative advantage in catching fish.

Alpha is subject to constant costs and Beta is subject to increasing costs.

Alpha's production possibilities A B C D E Fish (Tons) 80 60 40 20 0 Chips (Tons) 0 5 10 15 20

Explanation / Answer

The correct options are:

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