Why is a nations production possibility frontier the same as its consumption frontier in the absence of

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Why is a nation’s production possibility frontier the same as its consumption frontier in the absence of trade? How does the nation decide how much of each commodity to consume in the absence of trade?

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International Economics

ISBN: 9781119554929

13th Edition

Authors: Dominick Salvatore

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Question Posted: Oct 29, 2023 08:46 AM

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Why is a nations production possibility frontier the same as its consumption frontier in the absence of trade? How does the nation decide how much of each commodity to consume in the absence of trade?
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Why is a nations production possibility frontier the same as its consumption frontier in the absence of

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A nations production possibility frontier PPF sometimes referred to as a productionpossibility curve PPC represents the various combinations of two or ...View the full answer

International Economics

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