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Author Question: What is the relationship between U.S. real GDP and U.S. imports? What will be an ideal ... (Read 68 times)

storky111

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on: Jun 29, 2018
What is the relationship between U.S. real GDP and U.S. imports?
 
  What will be an ideal response?

Question 2

Relative to Al, Joe has ________ if Joe can produce a good at a lower opportunity cost than Al.
 
  A) a marginal benefit
  B) a comparative advantage
  C) more production efficiency
  D) a free lunch
  E) a comparative benefit


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Pamela.irrgang@yahoo.com

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

When U.S. real GDP increases, so does U.S. income. And the increase in income leads to an increase in U.S. imports.

Answer to Question 2

B


storky111

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


Pamela.irrgang@yahoo.com

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


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