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Which of the following statements is FALSE? Group of answer choices The production possibilities curve shows...

Which of the following statements is FALSE?

Group of answer choices

The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins.

The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins.

The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins.

The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins.

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Answer #1

The production possibility curve shows the combination of goods that can be consumed by a nation after trade and specialization begins

The production possiblity curve shows the combination of goods that can be produced by a nation after trade and specialization and that can be consumed by a nation before trade and specialization begins. Combination of goods that can be consumed by a nation after trade and specialization begins is shown by consumption possibility curve therefore the statement is false

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