Multiple Choice
When can a country's consumption possibilities frontier be outside its production possibilities frontier?
A) if additional resources become available
B) if there is an increase in the level of technology
C) if the country engages in trade
D) if resources are adaptable.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q27: How does trade benefit the two parties
Q28: Suppose that a worker in Cornland can
Q29: What is the term for a good
Q31: Figure 3-6<br>These figures illustrate the production possibilities
Q32: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1
Q33: When will a production possibilities frontier be
Q34: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q35: What did Adam Smith believe about trade?<br>A)