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Author Question: Critics of the extreme rational expectations theory argue that wages and input prices do not adjust ... (Read 115 times)

Pea0909berry

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Critics of the extreme rational expectations theory argue that wages and input prices do not adjust instantaneously.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The Taiwanese government allows tax credits for domestic producers who compete with manufacturers in First World nations. This suggests that Taiwan engages in _____.
 a. trade protectionism
  b. export substitution
  c. foreign exchange market intervention
  d. import substitution
  e. voluntary export restrictions



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bblaney

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Answer to Question 1

True

Answer to Question 2

b




Pea0909berry

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


yeungji

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Reply 3 on: Yesterday
Excellent

 

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