If the slopes of the ________ involving corn and wheat in the United States and Canada are equal, specialization does not benefit either country.

A) supply curves
B) demand curves
C) production possibility frontiers
D) marginal revenue curves

Question

Danielle Simmons · Accepted Answer

Final Answer : C, Explanation :  The correct answer is C) production possibility frontiers. If the slopes of the production possibility frontiers (PPFs) involving corn and wheat in the United States and Canada are equal, it means that both countries have the same opportunity costs for producing corn and wheat. In such a scenario, specialization according to comparative advantage does not benefit either country, as they are equally efficient in producing both goods.

If the slopes of the ________ involving corn and wheat in the United States and Canada are equal, specialization does not benefit either country.

A) supply curves
B) demand curves
C) production possibility frontiers
D) marginal revenue curves

Definitions

Learning Objectives

Learning Objectives

Related questions

If the slopes of the ________ involving corn and wheat in the United States and Canada are equal, specialization does not benefit either country.A) supply curvesB) demand curvesC) production possibility frontiersD) marginal revenue curves

Definitions

Learning Objectives

Learning Objectives

Related questions

If the slopes of the ________ involving corn and wheat in the United States and Canada are equal, specialization does not benefit either country.

A) supply curves
B) demand curves
C) production possibility frontiers
D) marginal revenue curves