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In the absence of trade a nation is in equilibrium

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10. In the absence of trade, a nation is in equilibrium where an indifference curve: A) lies above its production possibilities frontier. B) is tangent to its production possibilities frontier. C) intersects its production possibilities frontier. D) lies below its production possibilities frontier. 11. When a country requires more resources to produce a product than other countries, it is said to have a(n): Page 2
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