What is meant by constant opportunity costs and increasing opportunity costs? Under what conditions will a country experience constant or increasing costs? Why is it that the pre-trade production...



What is meant by constant opportunity costs


and increasing opportunity costs? Under what


conditions will a country experience constant


or increasing costs?



Why is it that the pre-trade production points


have a bearing on comparative costs under


increasing-cost conditions but not under conditions of constant costs?



May 26, 2022
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