Business
Business, 20.09.2020 14:01, ryanbasdao

The chart below shows the number of resource units the countries of Gamma and Omega must use to produce one unit of food or one unit of clothing Food - Gamma: 10 resource units, Omega: 5 resource units Clothing - Gamma: 9 resource units, Omega: 3 resource units Which of the following is true?a. trade should take place, with Gamma specializing in clothing production and Omega specializing in food production. b. trade should take place, with Gamma specializing in food production and Omega specializing in clothing production. c. each country should devote half of its resources to food production and half to clothing production and not trade. d. since Omega can produce both food and clothing using fewer resources than Gamma it cannot benefit from trade with Gamma. e. since Gamma can produce both food and clothing using fewer resources than Omega, it cannot benefit from trade with Omega.

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The chart below shows the number of resource units the countries of Gamma and Omega must use to prod...

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