In the example of Ireland described in the text, the country's production set shifted outward over time because:
A)of technological advancements which improved its potato cultivation and overall agricultural production.
B)it gained new resources over time which enabled it to specialize and gain comparative advantage in software trade with the U.S.and Europe.
C)of new resources which allowed it to gain absolute advantage over many of its trading partners.
D)of reduction in trade barriers with the European Union.

Question

Quizplus · Accepted Answer

The text mentions that Ireland gained new resources, which allowed it to specialize and gain comparative advantage in software trade with the U.S. and Europe. This specialization and comparative advantage would shift Ireland's production set outward over time, as it produces more of the goods in which it has a comparative advantage.

In the Example of Ireland Described in the Text, the Country's