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Could international trade allow a country to consume beyond its current production possibilities curve?
Yes, international trade can enable a country to consume beyond its current production possibilities curve (PPC). By specializing in the production of goods and services where it has a comparative advantage, a country can trade for other goods that it produces less efficiently. This exchange allows countries to enjoy a greater variety and quantity of goods than they could produce on their own, effectively shifting consumption beyond the limits set by their PPC. Thus, trade expands economic opportunities and improves overall welfare.
What else can I help you with?
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
What does a country production possibilities depend on?
It depends on available resources and technology
Effect of net migration on a country's production possibilities frontier?
explain the effect of net migration on a country's production possibilites frontier
Country's consumption possibilities frontier can be outside its production possibilities frontier if?
penis, it's wats good for you. fo'sho man.
How will a country's production possibilities grow if it invests in technological advancements and infrastructure development?
Investing in technological advancements and infrastructure development can lead to increased efficiency and productivity in a country's economy. This can result in the expansion of a country's production possibilities by enabling the production of more goods and services with the same amount of resources.
A country's production possibilities will grow if it?
increases its resources.
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
What does a country production possibilities depend on?
It depends on available resources and technology
Effect of net migration on a country's production possibilities frontier?
explain the effect of net migration on a country's production possibilites frontier
When a country is producing at the production possibilities frontier it can be said that the country is operating?
It is operating at full potential.
Country's consumption possibilities frontier can be outside its production possibilities frontier if?
penis, it's wats good for you. fo'sho man.
How will a country's production possibilities grow if it invests in technological advancements and infrastructure development?
Investing in technological advancements and infrastructure development can lead to increased efficiency and productivity in a country's economy. This can result in the expansion of a country's production possibilities by enabling the production of more goods and services with the same amount of resources.
A country that must reduce current consumption to increase future consumption possibilities?
must be producing along the production possibilities curve.
In order for a country to specialize its production what must there be?
There must be an international division of labor for a country to specialize its production.
In order for a free country to specialize its production what must there be?
There must be an international division of labor for a country to specialize its production.
What factors might cause a country to produce at a level below the production possibilities frontier?
blah
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
