When is there no way that two people can trade and both be better off. For this...
When is there no way that two people can trade and both be better off. For this to happen, their PPFs must be
A. Identical
B. Parallel
C. Opposite
D. Trading is always mutually benefical
Homework Answers
"A"
if the PPF are identical and they have the same consumption then the nations cannot trade for example tow nations producing only cheese and milk, and consuming them. they will need different production capability or comparative advantage to trade between each other.
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When is there no way that two people can trade and both be
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