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    International Economics Study Set 10
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    Exam 2: Trade and Technology: the Ricardian Model
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    When the Production Possibilities Frontier Is a Straight Line, Then
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When the Production Possibilities Frontier Is a Straight Line, Then

Question 36

Question 36

Multiple Choice

When the production possibilities frontier is a straight line, then
Production occurs under conditions of:


A) increasing costs.
B) decreasing costs.
C) constant costs.
D) increasing, then decreasing, then constant costs.

Correct Answer:

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