This topic contains a solution. Click here to go to the answer

Author Question: Suppose the production possibilities for two countries, producing either food or clothing, are shown ... (Read 427 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576


Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. Measuring food on the horizontal axis, the joint production possibility frontier
◦ will kink away from the origin at 20 units of food.
◦ will kink toward the origin at 10 units of food.
◦ will kink away from the origin at 10 units of food.
◦ will kink toward the origin at 20 units of food.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by savannahhooper on Jun 18, 2019

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly





D2AR0N

  • Hero Member
  • *****
  • Posts: 561


Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. The United States has a comparative advantage in producing
◦ food.
◦ clothing.
◦ food and clothing.
◦ neither good.




Pea0909berry

  • Hero Member
  • *****
  • Posts: 573


Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. Measuring food on the horizontal axis, the joint production possibility frontier
◦ will have a slope of -3/4 over the entire frontier.
◦ will have a slope of -1 when less than 20 units of food are produced.
◦ will have a slope of -1/2 when less than 20 units of food are produced.
◦ will have a slope of -2 when less than 20 units of food are produced.



shoemake

  • Sr. Member
  • ****
  • Posts: 343
will have a slope of -1/2 when less than 20 units of food are produced.





 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

For a complete list of videos, visit our video library