Multiple Choice
The assumption of constant costs of production in the Classical model results in a __________ production possibilities frontier, and, in the case of a "small" country, __________ specialization in production when trade takes place.
A) linear; incomplete
B) concave-to-the-origin; complete
C) convex-to-the-origin; incomplete
D) linear; complete
Correct Answer:

Verified
Correct Answer:
Verified
Q3: In Question #27 above, suppose that the
Q4: Country A has the following constant-opportunity-costs production-possibilities
Q5: Suppose that, in a Classical constant-opportunity-costs framework,
Q6: Given the information in Question #12 above,
Q7: In the situation in Question #8 above,
Q9: In Question #25 above,<br>A) a post-trade price
Q10: Given the following constant-cost production-possibilities frontiers for
Q11: Given the following Ricardo-type table shows
Q12: Given the following Ricardo-type table showing
Q13: Suppose that the pre-trade price ratio is