A nation may consume _____________ only with specialization in production and trade.
A)inside its production frontier
B)outside its production frontier
C)on its consumption frontier
D)tangent to its consumption frontier

Question

Quizplus · Accepted Answer

Specialization in production and trade allows a nation to consume beyond its production frontier because it can trade for goods and services that it does not produce itself, effectively overcoming the limitations of its own production capabilities.

A Nation May Consume _____________ Only with Specialization in Production