Author Question: A country that can produce a good using fewer resources than another country has a(n): a. lower ... (Read 93 times)

TFauchery · **on:** Jun 30, 2018

A country that can produce a good using fewer resources than another country has a(n):
a. lower opportunity cost of producing the good than another country.
b. absolute advantage.
c. specialization in the production of the good.
d. all of these.

Question 2

What is the title of the John Maynard Keynes's book published in 1936 that challenged the classical self-correction economic theory?
a. In the Long-run We Are Dead.
b. Classical Economics Revised.
c. General Theory of Employment, Interest, and Money.
d. A Keynesian Approach to Economic Policy.