Exhibit 15-1 Production possibilities curves
In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Nabia the cost of producing one more unit of corn is equal to:
A) 4 units of wheat.
B) 4 units of corn.
C) 1\4 unit of wheat.
D) 15 units of wheat.
E) 60 units of wheat.
Correct Answer:
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Q2: Exhibit 15-2 Production possibilities curves for U.S.
Q4: What country is our largest trading partner,
Q7: Without trade, the consumption possibilities for two
Q8: Exhibit 15-1 Production possibilities curves 
Q9: Exhibit 15-1 Production possibilities curves 
Q10: Exhibit 15-1 Production possibilities curves 
Q11: Exhibit 15-2 Production possibilities curves for U.S.
Q15: International trade has the potential to _
Q17: Trade between nations A and B:
A) leaves
Q19: Specialization and trade allow an economy to
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