Which of the following statements is FALSE? Answer The production possibilities
ID: 1186650 • Letter: W
Question
Which of the following statements is FALSE? Answer The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins. Which of the following statements is FALSE? The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins.Explanation / Answer
The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins.