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________ allow(s) a country to produce on its production possibility frontier and consume outside it.

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________ allow(s) a country to produce on its production possibility frontier and consume outside it.

Question 1.

If the slopes of the ________ involving corn and wheat in the United States and Canada are equal, specialization does not benefit either country.

▸ supply curves

▸ demand curves

▸ production possibility frontiers

▸ marginal revenue curves

Question 2.

________ allow(s) a country to produce on its production possibility frontier and consume outside it.

▸ Discovery of new resources

▸ Improvements in technology

▸ A decrease in population

▸ Specialization and trade

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 79 times

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