Which of the following will enable a nation to obtain a combination of consumer goods and capital goods outside its production possibilities curve?
A) full employment
B) international specialization and trade
C) full production
D) productive efficiency

Question

Quizplus · Accepted Answer

International specialization and trade can allow a nation to obtain goods outside its production possibilities curve by trading with other countries that specialize in producing those goods. This allows each country to allocate their resources more efficiently and ultimately leads to a higher level of overall output. Full employment, full production, and productive efficiency are important factors for maximizing a nation's production possibilities but do not necessarily enable the acquisition of goods beyond the curve.

Which of the Following Will Enable a Nation to Obtain