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Author Question: A country in autarky does not trade. Indicate whether the statement is true or ... (Read 108 times)

joesmith1212

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on: Jun 30, 2018
A country in autarky does not trade.
 
  Indicate whether the statement is true or false

Question 2

If an economy experiences an increase in its labor force, everything else constant, then at constant world prices, it will
 
  A) produce more of the labor intensive good and less of the capital intensive good.
  B) produce more of both goods.
  C) produce the same amount of both goods.
  D) produce less of the labor intensive good and more of the capital intensive good.


Kingjoffery

  • Sr. Member
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  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


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