If you wanted to compare two nations maximum combination of production of goods and services, you can use _________. a. absolute advantage b. comparative advantage c. specialization d. production possibilities frontier

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A: (a) The production possibility curve depicts the combination of two goods that a nation can produce…

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A: Production possibilities frontiers are used to represent the trade-off that occurs between the…

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Q: 1. Production Possibilities Frontier

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A: International trade: - it means the buying and selling of goods and services with other countries.

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A: Comparative advantage refers to the ability of the nations to produce goods at a lower opportunity…

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