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ction possibilities frontier is linear rather than bowed out? How do you explain the differences between absolute advantage and comparative advantage?...

Under what conditions is the production possibilities frontier is linear rather than bowed out?

How do you explain the differences between absolute advantage and comparative advantage?

Why do economists oppose policies that restrict trade among nations?

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In a case where PPF is said to be linear, producing two sets of goods allows you to switch between the two products at a rate... View the full answer

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