× Didn't find what you were looking for? Ask a question
  
  
Top Posters
Since Sunday
26
21
21
21
20
19
19
19
18
18
18
18
New Topic  
wrote...
Posts: 199
Rep: 4 0
3 weeks ago
As a whole, nations are better off after trade and specialization because:

▸ nations can consume along their consumption possibilities curve, which is outside of their production possibilities curve.

▸ nations can consume along their production possibilities curve, which is outside of their consumption possibilities curve.

▸ nations can consume along their consumption possibilities curve, which is inside of their production possibilities curve.

▸ nations experience an inward shift of their production possibilities curve.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
Read 66 times
2 Replies
Related Topics
Replies
wrote...
3 weeks ago
nations can consume along their consumption possibilities curve, which is outside of their production possibilities curve.
wrote...
3 weeks ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  118 People Browsing
Related Images
 290
 402
 114