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Author Question: In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of ... (Read 136 times)

notis

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on: Jun 29, 2018
In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice should specialize in the production of
 
  A) shoes.
  B) bookshelves.
  C) either shoes or bookshelves.
  D) neither shoes nor bookshelves.

Question 2

In the first half of 2008, food and energy costs in the United States increased. At the same time, the financial crisis slowed production as firms predicted lower profits. A ________ macroeconomist would support the use of ________.
 
  A) classical; taxes to push the economy back to full employment
  B) Keynesian; fiscal or monetary policy to stimulate aggregate demand
  C) classical; monetary policy to stimulate aggregate demand
  D) Keynesian; technology to push the economy back to full employment


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Danny Ewald

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


notis

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

meganmoser117

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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