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What type of graphic shows the amounts of two products a nation can obtain by specializing in one product and trading for the other?

A. A trade with increasing costs line
B. A trading possibilities line
C. A projected gains from trade curve
D. A domestic production possibilities curve

User Pfc
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Final answer:

A trading possibilities line is the graphic that shows the amounts of two products a nation can acquire by specializing in one product and trading for the other, which is illustrated using the production possibilities curve.

Step-by-step explanation:

The type of graphic that shows the amounts of two products a nation can obtain by specializing in one product and trading for the other is known as a trading possibilities line. This line represents how a country can benefit by producing the goods for which it has a comparative advantage and then trading for the other goods it requires. The production possibilities curve helps to visualize the trade-offs and potential gains from specialization and trade. By engaging in trade, a nation can consume beyond its own production possibilities curve, reflecting the economic principle of comparative advantage.

User Kvivek
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