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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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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Posted Date: Feb 01, 2020 07:13 PM

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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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in absence of trade whatsoever is produced is consumed because if demand is more tha... View the full answer

Intermediate Microeconomics and Its Application

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