How is a nation's consumption possibilities frontier related to its production possibilities frontier?
A) A nation's consumption possibilities frontier is always the same as its production possibilities frontier.
B) A nation's consumption possibilities frontier is never the same as its production possibilities frontier.
C) A nation's consumption possibilities frontier is the same as its production possibilities frontier but only if international trade does NOT occur.
D) A nation's consumption possibilities frontier is usually lower than its production possibilities frontier.
Correct Answer:
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