Using simple linear production possibilities frontiers in a simple two-good, two-country model, comparative advantage is evident when

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a. One country can make more of both goods than the other.

b. The slopes of the two production possibilities frontiers are identical.

c. The slopes of the two production possibilities frontiers are different.

d. One country is incapable of producing one good.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:37 AM

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Using simple linear production possibilities frontiers in a simple two-good, two-country model, comparative advantage is evident when

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Issues in Economics Today

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