If technology improves or the amounts of available resources increase, the:
A) absolute advantage of producing goods and services declines.
B) redistribution effects of international trade disappear.
C) production possibilities frontier shifts outward.
D) potential for gains from international trade disappears.
Correct Answer:
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Q1: A nation-s production possibilities frontier is a
Q2: The slope of a line tangent to
Q3: In country A, the opportunity cost of
Q4: Absent any trade, a country's residents either
Q6: The production possibilities frontier is _ because,
Q7: If there is international trade, then a
Q8: The points at which a country-s production
Q9: Consider two nations, country A and country
Q10: A redistribution effect of international trade unambiguously
Q11: Gains from trade occur for an individual
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