Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods domestically but can obtain 1 unit of capital goods from another country by trading 1 unit of consumer goods for it. This reality illustrates Multiple Choice achieving points beyond the production possibilities curve through international specialization and trade. Increasing opportunity costs a rightward (outward) shift of the production possibilities curve. productive efficiency

Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods domestically but can obtain 1 unit of capital goods from another country by trading 1 unit of consumer goods for it. This reality illustrates Multiple Choice achieving points beyond the production possibilities curve through international specialization and trade. Increasing opportunity costs a rightward (outward) shift of the production possibilities curve. productive efficiency

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter19: International Trade

Section: Chapter Questions

Problem 12PAE

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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
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