Multiple Choice
If two nations have straight-line production possibilities curves,
A) then their trading possibilities curves must lie inside the production possibilities curves.
B) there will be no basis for mutually advantageous trade.
C) there will be a basis for mutually advantageous trade whether the slopes are equal or not.
D) there will be a basis for mutually advantageous trade provided the slopes differ.
Correct Answer:
Verified
Correct Answer:
Verified
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