Without international trade, what is the relationship between a country\'s CPF a

Question

Without international trade, what is the relationship between a country's CPF and PPF? CPF is greater than (i.e., lies to the northeast of) the PPF CPF is less than (i.e., lies to the southwest of) the PPF CPF is equal to (i.e., coincides with) the PPF cannot be determined without further information With international trade, what is the relationship between a country's CPF and PPF? CPF is greater than or equal to (i.e., lies to the northeast of) the PPF CPF is less than (i.e., lies to the southwest of) the PPF CPF is equal to (i.e., coincides with) the PPF cannot be determined without further information is determined by the World Bank

Explanation / Answer

6.

The correct answer is option (C). Without international trade, the relationship between a country's CPF and PPF shows that PPF is equal to CPF.

7.

The correct answer is option (A). With  international trade, the relationship between a country's CPF and PPF shows that CPF is greater than or equal to the PPF.

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