Social Studies, 14.01.2020 04:31 danbat3023
How does specialization allow a country to achieve consumption beyond its production possibilities curve?
a. specialization does not contribute to greater consumption.
b. specialization allows a country to produce more of one good and trade the excess production for other goods.
c. when specializing, a country ceases to produce the costlier goods and instead obtains those goods by trading the less costly goods it produces.
d. consumption is always on the production possibilities curve.
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How does specialization allow a country to achieve consumption beyond its production possibilities c...
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