Opening trade between two nations would
a. shift their production possibilities curves outward.
b. shift their production possibilities curves inward.
c. leave the production possibilities unchanged and increase their consumption possibilities.
d. leave the production possibilities unchanged and decreased their consumption possibilities.
C
Economics
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Common property often results in
A) a negative externality. B) a social benefit. C) a private cost. D) exclusive rights of ownership.
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A decrease in the required reserve ratio __________ the money supply; an open market purchase __________ the money supply
A) decreases; decreases B) decreases; increases C) increases; increases D) increases; decreases
Economics