Using simple linear production possibilities frontiers in a simple two-good, two-country model, absolute advantage is evident when
Question:
Using simple linear production possibilities frontiers in a simple two-good, two-country model, absolute advantage is evident when
a. One country can make more of a good than the country other can.
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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a One country can make more of a good than the country other c...View the full answer
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Somshukla Chakraborty
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