When Cost Per Unit of Production for Two Goods Declines

question 71

Multiple Choice

When cost per unit of production for two goods declines as more are produced, a country that trades can

• A)rationalize production of both in order to enjoy the benefits of trade.
• B)expand production of both products.
• C)reduce the size of the market for the product it produces.
• D)contract production of both products.
• E)expand production of one product and contract production of the other.

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