An economy’s production possibilities frontier is also its consumption possibilities frontier

A、under all circumstances.

B、under no circumstances.

C、when the economy is self-sufficient.

D、when the rate of tradeoff between the two goods being produced is constant.

提问人：网友haiyuanx 发布时间：2022-01-07

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更多“An economy’s production possib…”相关的问题

第1题

1. ( )Nominal GDP uses constant base-year prices to place a value on the economy’s production of goods and services, while real GDP uses current prices to place a value on the economy’s production of goods and services.

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第2题

Absolute advantage is found by comparing different producers’

A、opportunity costs.

B、payments to land, labor, and capital.

C、input requirements per unit of output.

D、locational and logistical circumstances.

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第3题

Suppose Jim and Tom can both produce two goods: baseball bats and hockey sticks. Which of the following is not possible?

A、Jim has an absolute advantage in the production of baseball bats and in the production of hockey sticks.

B、Jim has an absolute advantage in the production of baseball bats and a comparative advantage in the production of hockey sticks.

C、Jim has an absolute advantage in the production of hockey sticks and a comparative advantage in the production of baseball bats.

D、Jim has a comparative advantage in the production of baseball bats and in the production of hockey sticks.

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第4题

Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then

A、Tom must have an absolute advantage in the production of baseball bats.

B、Jim must have an absolute advantage in the production of baseball bats.

C、Tom has a comparative advantage in the production of baseball bats.

D、Jim has a comparative advantage in the production of baseball bats.

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第5题

Trade can make everybody better off because it

A、increases cooperation among nations.

B、allows people to specialize according to comparative advantage.

C、requires some workers in an economy to be retrained.

D、reduces competition among domestic companies.

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