If there is international trade, then a nation's consumption possibilities are __________ its production possibilities.
A) the same as
B) less than
C) greater than
D) steeper than

Question

Quizplus · Accepted Answer

International trade allows a nation to acquire goods and services that it may not have the capacity to produce domestically. By importing goods and services that it does not produce, a nation's consumption possibilities are greater than its production possibilities.

If There Is International Trade, Then a Nation's Consumption Possibilities