Multiple Choice
The points at which a country-s production possibilities frontier touches each of the coordinate axes measure:
A) the redistributive effect of opting for one technology over another.
B) the redistributive effect of trading one item rather than another.
C) the levels of output that can be produced if resources that otherwise could produce other items are left idle and unused.
D) the maximum quantities of each good that residents can produce using all resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If technology improves or the amounts of
Q3: Without trade, the production possibilities frontier also
Q4: The opportunity cost of producing an additional
Q5: If one nation-s production possibilities frontier is
Q6: Absolute advantage is the term for a
Q7: Gains from trade occur for an individual
Q8: A redistribution effect of international trade unambiguously
Q9: After residents of two nations specialize in
Q10: The slope of a line tangent to
Q11: The slope of a line tangent to