Consider a shoemaker and a vegetable farmer.Potentially,trade could benefit both individuals if
A) the shoemaker can produce only shoes and the vegetable farmer can produce only vegetables.
B) the shoemaker is capable of growing vegetables, but he is not very good at it.
C) the vegetable farmer is better at growing vegetables and better at making shoes than the shoemaker.
D) All of the above are correct.
Correct Answer:
Verified
Q1: The difference between production possibilities frontiers that
Q2: Table 3-1 Q5: Without trade, Q6: A production possibilities frontier will be a Q7: When an economist points out that you
A)a country is better off because
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