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  • 22-09-2018
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A society can consume a combination of goods outside its production possibilities if there is

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  • 02-10-2018

Answer: International Specialization and Trade

Explanation:

Specialization occurs when one country can produce a good with less amount of resources than the other country. When one country has a lower opportunity cost in production of a good, it is said to have a comparative advantage in it. Thus, it will produce the good in which it has a comparative advantage.

So, with trade and specialization the country can achieve a point outside its production possibility frontier.

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