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In the Factor-Endowment Model,the Production Possibility Curve Is Assumed to Be

Question 36

Multiple Choice

In the factor-endowment model,the production possibility curve is assumed to be bowed outward.This is the result of


A) economies of large-scale production
B) constant opportunity cost
C) all factors of production are perfectly substitutable for each other
D) different factor endowments and different factor intensities in the production of the two products

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