Essay
Explain why a movement from a point inside a production possibilities frontier to the production possibilities frontier is described as a free lunch and a movement along a production possibilities frontier is described as a tradeoff.
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Q30: In a production possibilities frontier diagram,the attainable
Q31: A free lunch (the absence of a
Q32: The fact of increasing opportunity cost when
Q33: The gains from trade include:<br>i.lower prices from
Q36: To achieve gains from trade,a country<br>A) needs
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q38: Why is a production possibilities frontier bowed
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Two nations can
Q161: "When countries specialize in producing the good