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Production Possibilities Frontiers in the Ricardian Model

Question 115

Multiple Choice

Production possibilities frontiers in the Ricardian model:


A) are linear (i.e., straight lines) , with end points showing a country's production when it produces only one or the other good.
B) are bowed out from the origin, with end points showing a country's production when it produces only one or the other good.
C) are linear and begin from the origin.
D) are curvilinear and increase at a decreasing rate.

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