International Trade Possibility Frontier

Business & Finance, Economics, Microeconomics
Cover of the book International Trade Possibility Frontier by Homework Help Classof1, Classof1
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Author: Homework Help Classof1 ISBN: 1230000114268
Publisher: Classof1 Publication: March 11, 2013
Imprint: Language: English
Author: Homework Help Classof1
ISBN: 1230000114268
Publisher: Classof1
Publication: March 11, 2013
Imprint:
Language: English

Atlantis is a small, isolated island in the South Atlantic.  The inhabitants grow potatoes and catch fresh fish.  The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.  Obviously, given their limited resources and available technology, as they use more of their resources for potato production, there are fewer resources available for catching fish.

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Atlantis is a small, isolated island in the South Atlantic.  The inhabitants grow potatoes and catch fresh fish.  The accompanying table shows the maximum annual output combinations of potatoes and fish that can be produced.  Obviously, given their limited resources and available technology, as they use more of their resources for potato production, there are fewer resources available for catching fish.

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