Relative Prices Are Different for Each Nation Because Their Production

question 4

Multiple Choice

Relative prices are different for each nation because their production frontiers and indifference curves differ in _______________.

• A)shape and location
• B)shape,but not location
• C)location,but not shape
• D)neither shape nor location

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Definitions:

Ostracism

Being excluded, rejected, and ignored by others.

Excluded

To be deliberately left out or denied access to a group or activity.

Rejected

The state of being dismissed or turned down.

Ancient Greece

A civilization that flourished in the Mediterranean region from around the 8th century BC to the end of antiquity, influential in the fields of philosophy, science, politics, and the arts.