Author Question: When actual inflation is less than expected inflation, A) borrowers lose and lenders gain. B) ... (Read 114 times)

sammy · **on:** Jun 29, 2018

When actual inflation is less than expected inflation,

A) borrowers lose and lenders gain. B) borrowers gain and lenders lose.
C) borrowers and lenders both lose. D) borrowers and lenders both gain.

Question 2

Refer to Figure 2-8. If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of both pineapples and coconuts?

A) Costa Rica B) Guatemala
C) neither country D) cannot be determined