An outside lag is the time period it takes economists to ...

[mynx]

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]

Answer to Question 1

FALSE

Answer to Question 2

C