The slope of a linear production possibilities curve with trade is given by the
A) opportunity costs of the product in each country.
B) relative price-the number of units of good A that can be obtained for one unit of good B.
C) ratio of productivity of workers in two countries.
D) ratio of the elasticities of the product demand curves.
E) rise over run of a country's average total cost curve.
Correct Answer:
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Q37: Exhibit 29-2 Q38: Exhibit 29-3 Q39: Exhibit 29-2 Q40: Exhibit 29-2 Q41: The relative price of two goods (units Q43: The difference between production possibilities curves with Q44: Linear production possibilities curves explain why a Q45: Countries with low labor productivity will not Q46: Explain the difference between absolute and comparative Q47: When countries specialize in producing products in 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
