Exhibit 15-1 Production possibilities curves
In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. If these two nations trade, Nabia should specialize in the production of:
A) corn.
B) corn and wheat.
C) neither product since Pada has the comparative advantage in the production of both.
D) neither product since Pada has the absolute advantage in the production of both.
E) wheat.
Correct Answer:
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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.
Q12: If a nation follows a policy of
Q15: Exhibit 15-1 Production possibilities curves 
Q17: Trade between nations A and B:
A) leaves
Q17: In terms of production possibilities curves, the
Q17: Exhibit 15-1 Production possibilities curves 
Q20: With the benefits of international trade:
A) there
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