Consider the following two statements. I. The East Asian ...

[c0205847]

Consider the following two statements. I. The East Asian financial crisis was an example of macroeconomic imbalances. II. The Latin American debt crisis was an example of macroeconomic imbalances.
 
  A) Both statements are true.
  B) I is true, and II is false.
  C) I is false and II is true.
  D) Both statements are false.

Question 2

Comparative advantage cannot account for a significant portion of world trade.
 
  Indicate whether the statement is true or false

[bimper21]

Answer to Question 1

C

Answer to Question 2

TRUE