Without trade, a country's consumption possibilities are
A. Greater than with trade.
B. More than its terms of trade.
C. Limited to its domestic production possibilities.
D. Less than its trade balance.
Answer: C
Economics
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The marginal product curve is a mirror image of
a. The average cost curve b. The average fixed cost curve c. The total cost curve d. The marginal cost curve
Economics
At a quantity above the equilibrium quantity, which of the following does not exist? a. deadweight loss b. underproduction
c. overproduction d. inefficient production
Economics