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Author Question: For any given increase in spending that is not directly caused by an increase in income, the impact ... (Read 62 times)

jjjetplane

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on: Jun 30, 2018
For any given increase in spending that is not directly caused by an increase in income, the impact on equilibrium GDP is greater than the initial spending increase.
 
  Indicate whether the statement is true or false

Question 2

The basis for free trade is the concept of
 
  A) absolute advantage.
  B) differences in natural resources and climate.
  C) differences in nominal wages.
  D) comparative advantage.


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carojassy25

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


jjjetplane

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mohan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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