Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Two countries will have zero incentive to trade if their production-possibilities curves are parallel straight lines because the opportunity costs for both the countries is the same, and one country has complete advantage in the good's production, which is why no incentive is provided for that country's trade.
The term production possibility curve refers to the the graph where we see all the different combinations of output that can be produces using the present resources as well as technology.
Production possibility curve is also known as production possibilities frontier sometimes and they usually show tradeoffs as well as scarcity, through the graph.
To learn more about Production possibility curve, click
https://brainly.com/question/15179228
#SPJ4
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
