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  3. Study Set
    International Economics Study Set 2
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    Exam 4: Trade: Factor Availability and Factor Proportions Are Key
  5. Question
    In the Absence of Trade, a Country Produces at a Point
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In the Absence of Trade, a Country Produces at a Point

Question 4

Question 4

True/False

In the absence of trade, a country produces at a point where its production-possibility curve is tangent to the highest possible community indifference curve.

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