Is this statements are correct or incorrect? 27.A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the absence of trade will produce where its production...

Extracted text: Is this statements are correct or incorrect? 27.A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the absence of trade will produce where its production possibilities schedule is tangent to an indifference curve. 24.The East Asian Miracle proved that industrialization and development must be based on import substitution. 25.A equal proportional change in price have no real effects on the real wage, real income of capital owner and land owner. 26.The Ricardian Model neglects the effects on income distribution. 27.A nation maximizes satisfaction by reaching the highest possible indifference curve, and in the absence of trade will produce where its production possibilities schedule is tangent to an indifference curve. 30.Today, antidumping may be a device of protectionism.