View the step-by-step solution to:

Question

Without trade, the consumption possibilities for two nations are: a) outside their production possibilities curve.

b) inside their production possibilities curve. c) along their production possibilities curve. d) at a point equal to the world production possibilities curve.

Top Answer

Without trade, consumption possibilities are along their production possibilities curve.... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question