With Trade, a Country Will Maximize Its Economic Well-Being When

question 17

Multiple Choice

With trade, a country will maximize its economic well-being when it:

• A) moves to the highest possible indifference curve.
• B) forces the marginal rate of substitution to its lowest possible value.
• C) consumes more of both goods than it does in autarky.
• D) finds its marginal rate of substitution exceeding its marginal rate of transformation.

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