Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 1 - Limits, Alternatives, and Choices - Problems - Page 21: 5d

Answer

No, not domestically. Yes. Yes.

Work Step by Step

Points outside of the production possibilities curve are unattainable unless international trade is utilized. International trade allows countries to consume beyond current production possibilities curves as countries can specialize and produce products at lower costs. Future advances in technology would shift the curve right and thereby allow production behind the current production possibilities curve.
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