Two countries decide to specialize in producing certain goods to export to other countries, and in...
Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is:
the country's production possibilities frontier will shift outward.
the country will be able to produce at a point outside your production possibilities frontier.
the countries will be able to produce and consume at a point outside your production possibilities frontier.
the country will be able to consume at a point outside your production possibilities frontier.
Homework Answers
The answer is: the country will be able to consume at a point outside your production possibilities frontier.
The production possibilities frontier shows combinations of
goods a country can produce. Without trade, countries must consume
at a point on their PPF's. With trade, a country can consume at a
point outside of its PPF. The gains from trade come from
differences in opportunity costs.
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Two countries decide to specialize in producing certain goods to
export to other countries, and in...
Two countries decide to specialize in producing certain goods to export to other countries, and in...
Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: the country will be able to consume at a point outside your production possibilities frontier. the country's production possibilities frontier will shift outward. the country will be able to produce at a point outside your production possibilities frontier. the countries will be able to produce and consume...
Two countries decide to specialize in producing certain goods to export to other countries, and in...
Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: Group of answer choices the country will be able to consume at a point outside your production possibilities frontier. the country will be able to produce at a point outside your production possibilities frontier. t he countries will be able to produce and consume at a point...
1.67 pts Two countries decide to specialize in producing certain goods to export to other countries,...
1.67 pts Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: the country will be able to consume at a point outside your production possibilities frontier. the country's production possibilities frontier will shift outward. the country will be able to produce at a point outside your production possibilities frontier, the countries will be able to produce...
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Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: the country will be able to consume at a point outside your production possibilities frontier the countries will be able to produce and consume at a point outside your production possibilities frontier. the country will be able to produce at a point outside your production possibilities frontier....
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Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: the country will be able to consume at a point outside your production possibilities frontier. the country's production possibilities frontier will shift outward. the country will be able to produce at a point outside your production possibilities frontier. the countries will be able to produce and consume...
1.67 pts Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: the country will be able to consume at a point outside your production possibilities frontier. the country's production possibilities frontier will shift outward. the country will be able to produce at a point outside your production possibilities frontier, the countries will be able to produce...
Two countries decide to specialize in producing certain goods to export to other countries, and in return they import different goods from these other countries. The advantage of these exports and imports is: the country will be able to consume at a point outside your production possibilities frontier the countries will be able to produce and consume at a point outside your production possibilities frontier. the country will be able to produce at a point outside your production possibilities frontier....
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