Use the following to answer question(s) : Production Possibilities in Alphaland and Omegaland

-(Exhibit: Production Possibilities in Alphaland and Omegaland) Which of the following statements is false?
A) The law of increasing costs means that, as an economy moves downward to the right along its production possibilities curve, the cost of additional units rises.
B) An economy with a comparative advantage in a particular good will tend to specialize in the production of that good.
C) An economy's production will move off its production possibilities curve because of trade.
D) Specialization and trade can benefit both countries at the same time.
Correct Answer:
Verified
Q63: Opportunities created by trade:
A) induce a greater
Q64: A country with a lower relative cost
Q65: Use the following to answer question(s): Production
Q66: If one country has the ability to
Q67: When a country specializes in the production
Q69: Use the following to answer question(s): Production
Q70: People participate in international trade basically because:
A)
Q71: Use the following to answer question(s): Production
Q72: Use the following to answer question(s): Production
Q73: Use the following to answer question(s): Production
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