The slope of the production possibility curve under Opportunity costs theory is also called

Related MCQs

• The production possibility curve under increasing opportunity costs is concave to the origin because
• Under constant opportunity cost, the production possibility curve is
• The production possibility curve represents
• The basics and gains from international trade under the theory of opportunity cost is determined by
• Haberler’s Opportunity cost theory explains the doctrine of comparative cost in terms of
• The opportunity cost theory considers
• In case of Mill’s theory, where country A produces good X and country B produces good Y, if country A’s demand for product Y increases, then country A’s offer curve will
• In Ricardian theory of international trade, the only factor of production is
• In modern trade theory, the gains from specialization is also known as the
• The necessity of absolute differences in costs of international trade is associated with