Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 24 - International Trade - Review Questions: 7

Answer

c

Work Step by Step

The opportunity cost as a function of the goods produced for a country is a quadratic function. As a result, increasing opportunity results from producing more and more goods.
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