Tnaaasty3342 Tnaaasty3342
  • 22-09-2018
  • Business
contestada

A society can consume a combination of goods outside its production possibilities if there is

Respuesta :

pristina
pristina pristina
  • 02-10-2018

Answer: International Specialization and Trade

Explanation:

Specialization occurs when one country can produce a good with less amount of resources than the other country. When one country has a lower opportunity cost in production of a good, it is said to have a comparative advantage in it. Thus, it will produce the good in which it has a comparative advantage.

So, with trade and specialization the country can achieve a point outside its production possibility frontier.

Answer Link

Otras preguntas

what is the most efficient means of recycling?
Definition for shortage
What was The Liberator? O a slave narrative O an abolitionist newspaper O an organization of slave owners O a collection of antislavery poems
Which factor suggests that an elliptical galaxy will form? A. formed in Isolation B. Higher angular momentum C. Faster cooling rate
The musical form of old Macdonald has a farm
Need help 10 points
Please help me asap
What is the surface area of this triangular pyramid? 3 m 3 m 3 m 3 m 2.6 m​
The sleep of reason produces monsters by francisco de goya. a man sits in a chair with his head on a desk. owls and winged creatures fly around and surround the
Explain why it is sometimes difficult to smell things when you have stuffy nose. Need answers asap​