Question: 1 . Using linear production possibilities frontiers in a simple two - good, two - country model, absolute advantage is evident when a . one

1. Using 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 other country 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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!