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Author Question: If Dana can paint his house faster than Luke, a professional house painter, then: a. Dana has a ... (Read 98 times)

ereecah

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on: Jun 30, 2018
If Dana can paint his house faster than Luke, a professional house painter, then:
 a. Dana has a comparative advantage in house painting.
  b. Dana has an absolute advantage in house painting.
  c. Luke has a comparative advantage in house painting.
  d. Luke has an absolute advantage in house painting.
  e. Dana should always paint his own house.

Question 2

A primary emphasis of the Keynesian school is the economy:
 a. has a tendency to always create a full-employment level of output.
  b. has a tendency to always create inflationary pressure at all levels of output.
  c. has a tendency to eliminate unemployment by lowering wage rates to create an equilibrium in the labor market.
  d. is driven by the supply-side of the market.
  e. has a tendency to be in equilibrium at less than full employment.


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katheyjon

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

b

Answer to Question 2

e


ereecah

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

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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