3 When two individuals produce efficiently and then make a mutually beneficial trade based on comparative adva
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3 When two individuals produce efficiently and then make a mutually beneficial trade based on comparative adva ntage, a they both obtain consumption outside their production possibil ities frontier.
b they both obtain consumption inside their production possibilities frontier.
c one individual consumes inside his production possibilities frontier, while the other consumes outside his.
d each individual consumes a poi nt on his own production possibilities frontier.
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Related Book For
Principles Of Microeconomics
ISBN: 125206
8th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw
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