Refer to Table 2-5. Estonia has a comparative advantage in the ...

[waynest]

Refer to Table 2-5. Estonia has a comparative advantage in the production of
 
  A) neither product. B) lumber. C) cell phones. D) both products.

Question 2

Which of the following could explain why there is an increase in potential GDP but the equilibrium level of GDP does not rise?
 
  A) SRAS shifted to the right by more than LRAS. B) AD shifted to the right by more than SRAS.
  C) SRAS and AD do not shift. D) AD shifted to the right by less than SRAS.

[otokexnaru]

Answer to Question 1

B

Answer to Question 2

C

[waynest]

Excellent

[nanny]

Thanks for the timely response, appreciate it