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Author Question: Without trade, the consumption possibilities for two nations are: a. outside their production ... (Read 67 times)

Ebrown

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  • Posts: 567
on: Jun 30, 2018
Without trade, the consumption possibilities for two nations are:
 a. outside their production possibilities curve.
  b. inside their production possibilities curve.
  c. along their production possibilities curve.
  d. at a point equal to the world production possibilities curve.

Question 2

Real income is the purchasing power of nominal (money) income.
 a. True
  b. False
  Indicate whether the statement is true or false


stanleka1

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


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