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Author Question: The study of the decision-making process of government is the study of: a. Keynesian economics. b. ... (Read 51 times)

SAVANNAHHOOPER23

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on: Jun 30, 2018
The study of the decision-making process of government is the study of:
 a. Keynesian economics.
  b. public choice theory.
  c. rational expectations theory.
  d. social economics.

Question 2

If nation A has a comparative advantage over nation B in the production of a product, this implies:
 a. it requires fewer resources in A to produce the good than in B.
  b. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B.
  c. that nation B could not benefit by engaging in trade with A.
  d. that nation A should acquire this product by trading with B.
  e. that nation A could not benefit by engaging in trade with B.


ebenov

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

b

Answer to Question 2

b


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