Which of the following is true?
A) International trade makes it possible for a country's consumption possibilities to exceed its production possibilities.
B) International trade requires that a country's production possibilities exceed its consumption possibilities.
C) A country's production possibilities always equal its consumption possibilities.
D) A country's consumption possibilities can never equal its production possibilities because of leakages in the system.
E) As long as there is full employment of resources, a country's production possibilities will exceed its consumption possibilities even with trade.
Correct Answer:
Verified
Q49: International trade does all the following except
A)allow
Q50: Exhibit 19-2 Q51: Comparative advantage is determined by Q52: Which of the following is not true Q53: Which of the following factors is the Q55: Exhibit 19-2 Q56: To maximize worldwide gains from trade, the Q57: Exhibit 19-2 Q58: A nation's consumption possibilities frontier is Q59: Exhibit 19-2 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![]()
A)the amount of
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