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Country 1 produces two goods, A and B. Country 2 produces the same two goods. Currently, country 1 ...

hungry22

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Country 1 produces two goods, A and B. Country 2 produces the same two goods. Currently, country 1 ...

Country 1 produces two goods, A and B. Country 2 produces the same two goods. Currently, country 1 produces 100A and 200B and country 2 produces 300A and 700B. Which of the following statements is true?

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If country 1 is on its production possibilities frontier, then country 2 must be on its PPF, too.

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The PPF for country 1 is necessarily closer to the origin (or further to the left) than the PPF for country 2.

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If country 1 is productive inefficient, then so is country 2.

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Country 2 is operating on its PPF, but country 1 is clearly not operating on its PPF.

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none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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mmorris1537

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More solutions for this book are available here

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hungry22 Author

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Thanks

Natalie Price

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

cipcal

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Correct

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