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    International Economics Study Set 10
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    Exam 3: Gains and Losses From Trade in the Specific-Factors Model
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    When There Are Diminishing Returns to Labor, the
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When There Are Diminishing Returns to Labor, the

Question 64

Question 64

Multiple Choice

When there are diminishing returns to labor, the
Production possibility frontier is _______ sloping and
________ to the origin.


A) downward; convex
B) downward; concave
C) upward; concave
D) upward; convex

Correct Answer:

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