Author Question: An outside lag is the time period it takes economists to formulate a stabilization policy. ... (Read 48 times)

mynx

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An outside lag is the time period it takes economists to formulate a stabilization policy.
 
  Indicate whether the statement is true or false

Question 2

If Italy can produce grapes at a lower opportunity cost than any other nation, Italy is said to have a(n) ________ in the production of grapes.
 
  A) comparative disadvantage B) autarky
  C) comparative advantage D) absolute advantage


bimper21

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Answer to Question 1

FALSE

Answer to Question 2

C



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