The difference between production possibilities frontiers that are bowed out and

Question

The difference between production possibilities frontiers that are bowed out and those that are linear is that: bowed out production possibilities frontiers illustrate tradeoffs where linear production possibilities frontiers do not. bowed out production possibilities frontiers show increasing opportunity cost where linear ones show constant opportunity cost. bowed out production possibilities frontiers are the result of perfectly shiftable resources where linear production possibilities frontiers are not. linear production possibilities frontiers illustrate real world conditions more than bowed out production possibilities frontiers. With trade a country is worse off because it becomes dependent on other countries. X country will produce a greater variety of goods and services to trade. X country will be able to consume more than it could possibly produce. country will experience a lower unemployment rate. X Which of the following is NOT true concerning comparative

Explanation / Answer

12 b 13 a 14 c

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