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Author Question: The fundamental force driving international trade is comparative _______. A. advantage: a country ... (Read 38 times)

meagbuch

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on: Jun 29, 2018
The fundamental force driving international trade is comparative _______.
 
  A. advantage: a country exports those goods that have high prices
  B. abundance: the country that produces more than it needs exports the good
  C. advantage: the country with the lower opportunity cost of production exports the good
  D. cost: a country trades with other countries that produce cheaper goods

Question 2

If the Fed decided to reverse its policy actions implemented during the heart of the recession, the Fed would be acting to try to prevent
 
  A) an increase in deflation. B) a decrease in unemployment.
  C) an increase in inflation. D) an increase in unemployment.


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aruss1303

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C Trade according to comparative advantage maximizes the gains from trade.

Answer to Question 2

C


meagbuch

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Reply #2 on: Jun 29, 2018
Correct answers!


aruss1303

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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