Which of the following statements is true?

a) Self-sufficiency is the road to prosperity for most countries.

b) A self-sufficient country consume outside its PPF.

c) A self-sufficient country can, at best, consume on its PPF.

d) Only countries with an absolute advantage in the production of every good should strive to be self-sufficient.

Question

Business

Angelina Liu

8 December, 08:16

Which of the following statements is true?

a) Self-sufficiency is the road to prosperity for most countries.

b) A self-sufficient country consume outside its PPF.

c) A self-sufficient country can, at best, consume on its PPF.

d) Only countries with an absolute advantage in the production of every good should strive to be self-sufficient.

+1

Answers (1)

Know the Answer?

Augustus Hull · Answer 1

A self sufficient country can, at best, consume on its PPF

Explanation:

PPF indicates the maximum output combinations of two goods or services an economy can achieve if it uses all its available resources fully.

The PPF is also called a production possibility curve.

PPf tries to explain how much production of a good is produced than another.

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