Multiple Choice
The production possibility curve under increasing opportunity costs is concave to the origin because
A) The opportunity cost of leaving a unit of one commodity to have an additional unit of the other is constant
B) Each country completely specializes in the production of only one commodity after trade
C) They are the same at all points
D) When a country in the production of one commodity in which it has comparative advantage, its opportunity costs increases
Correct Answer:

Verified
Correct Answer:
Verified
Q2: According to comparative advantage theory<br>A)Capital is the
Q3: The importance of international trade includes<br>A)Adverse terms
Q4: According to classical view, one of the
Q5: According to the Heckscher-Ohlin theory of trade,
Q6: Adam Smith's theory of international trade is
Q8: Among the difference between inter-regional and international
Q9: The basic of international trade according to
Q10: Under constant opportunity cost, the production possibility
Q11: According to the theory of comparative advantage,
Q12: Haberler's Opportunity cost theory explains the doctrine