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Author Question: Over time, countries grow in a fashion so that their production possibility frontiers always retain ... (Read 46 times)

jayhills49

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on: Jun 30, 2018
Over time, countries grow in a fashion so that their production possibility frontiers always retain the same shape.
 
  Indicate whether the statement is true or false

Question 2

The primary determinant of patterns of interregional trade is
 
  A) accidents of history.
  B) resource allocations.
  C) factor abundance.
  D) weather.
  E) centralized optimization.


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Ptupou85

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Reply #1 on: Jun 30, 2018
Answer to Question 1

FALSE
Explanation: This would only be true if overall capital/labor ratios in the country remained constant over time.

Answer to Question 2

A


jayhills49

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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