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Answer:
The correct answer is: Each country can consume at a point outside their production possibilities frontier.
Explanation:
A country is said to be specializing in the production of a good if it can produce the good at a lower opportunity cost. When countries produce the good they specialize in producing and trade with other countries. All the countries will be able to consume more.
The countries will produce on its production possibilities frontier at the intercept of the good they specialize in and consume at a point outside their production possibility frontier.
Answer: The criteria or standards they will use.
Explanation: Project Charter is a major component of project management system,the project charter Describes the roles and responsibilities of the team members,the task descriptions,the time lines,it is an important and reference for both present and future projects.
The project Charter also sets the project deliverables with each mile stone,the criteria and standards through which the project deliverables associated with each milestone will be judged.
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange.
