Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B One of the reasons why Country A and Country B are not realistic representations of actual countries is:
A) the production possibilities curves are straight lines; realistic ones would be concave.
B) they only represent the production of two goods.
C) they only represent two countries.
D) All of these statements are true.
Correct Answer:
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Q43: Suppose that a worker in Country A
Q44: Suppose that a worker in Country A
Q46: Suppose that a worker in Country A
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