QUESTION 12 In the absence of trade, a nation is in equilibrium where a community indifference curve A lies above its pr

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Question 12 In The Absence Of Trade A Nation Is In Equilibrium Where A Community Indifference Curve A Lies Above Its Pr 1 (45.43 KiB) Viewed 10 times

QUESTION 12 In the absence of trade, a nation is in equilibrium where a community indifference curve A lies above its production possibilities frontier. O.C B. intersects its production possibilities frontier. lies below its production possibilities frontier. D. is tangent to its production possibilities frontier. QUESTION 13 Which statement about globalization is true? A It has led to more quotas on trade around the world. B. It is the process by which more countries are becoming economically self-sufficient around the globe. OC. It is a purely economic term used to describe interrelated global markets. OD-It has been fueled by trade, immigration, and foreign investment. QUESTION 14 The mercantilists would have objected to A export promotion policies initiated by the government. B. trade policies designed to accumulate gold and other precious metals. C. the use of tariffs or quotas to restrict imports. D. international trade based on open markets.