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Q. |
The production possibility curve under increasing opportunity costs is concave to the origin because |
A. | The opportunity cost of leaving a unit of one commodity to have an additional unit of the other is constant |
B. | Each country completely specializes in the production of only one commodity after trade |
C. | They are the same at all points |
D. | When a country in the production of one commodity in which it has comparative advantage, its opportunity costs increases |
Answer» D. When a country in the production of one commodity in which it has comparative advantage, its opportunity costs increases |
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