As a whole, nations are better off after trade and specialization because
A) nations can consume along their production possibilities curve, which is outside of their consumption possibilities curve.
B) nations can consume along their consumption possibilities curve, which is inside of their production possibilities curve.
C) nations experience an inward shift of their production possibilities curve.
D) nations can consume along their consumption possibilities curve, which is outside of their production possibilities curve.
D
You might also like to view...
________ exists because unlimited wants exceed the limited resources available to fulfill those wants
A) Scarcity B) Productive efficiency C) The command economy D) Economic growth
Refer to the table above. ________ has the comparative advantage in making pies and ________ the comparative advantage in making cakes. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. Julia; Martha B. Martha; Julia C. Julia; Julia D. Martha; Martha