Homework SourseA Point B is your neighbors production before trade B Point
A. Point B\' is your neighbor’s production before trade.
B. Point B\' is your neighbor’s consumption before trade.
C. Point B\' is your neighbor’s production after trade.
D. Point B\' is your neighbor’s consumption after trade.
A. Point B\' is your neighbor’s production before trade.
B. Point B\' is your neighbor’s consumption before trade.
C. Point B\' is your neighbor’s production after trade.
D. Point B\' is your neighbor’s consumption after trade.
Apples (pounds) Apples (pounds) C\' 30 Your PPF Your Neighbor\'s PPF 20 10 10 D\' 42 4560 Cherries Cherries 0 (pounds) 1215 20 (pounds) Solution
The answer will be D. Point B\' is your neighbor\'s consumption after trade.
Free international trade can increase the availability of all goods and services in all countries that participated in trade. Trade allows countries to consume combinations of goods and services they will be unable to produce.
