Which of the following statements is FALSE? Answer The production possibilities

Question

Which of the following statements is FALSE? Answer The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins. Which of the following statements is FALSE? The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins.

Explanation / Answer

The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins.

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