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Loraine Loraine
wrote...
Posts: 4563
8 years ago
If a country is operating at a point of production efficiency,
A) it enjoys a free lunch when increasing production.
B) it produces on its production possibilities frontier.
C) it must specialize in the production of a good.
D) it operates on its trade line.
E) it cannot be producing at its point of comparative advantage.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 401 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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DropxDropx
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Posts: 1991
8 years ago
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8 years ago
Thanks for the feedback Slight Smile
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