The slopes of the production possibilities curves for two nations reflect the
A) relative prices of the resources in the two nations.
B) amounts of imports and exports of the two nations.
C) average income levels in the two nations.
D) opportunity costs of production in the two nations.
Correct Answer:
Verified
Q159: Economists prefer free trade to tariffs and
Q160: The equilibrium world price of a product
Q161: In which of the following countries did
Q162: A basic assumption in comparing the production
Q163: The principle of comparative advantage indicates that
Q165: A natural-resource abundant nation would be expected
Q166: In the United States, exports of goods
Q167: Starting in 2012, an important shift occurred
Q168: The ratio at which nations will exchange
Q169: Which of the following countries had the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents