At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our 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
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.
