If a country is at a point on its PPF where the slope of the PPF is

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If a country is at a point on its PPF where the slope of the PPF is flatter than the slope of the CIC touching that same point, then the standard of living would rise if outputs of the two goods would change to move down the PPF. True or false? Demonstrate and explain.

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International Economics

ISBN: 9780321783868

9th Edition

Authors: Steven Husted , Michael Melvin

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