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Author Question: The 45-degree reference line indicates all points at which A) planned real saving and planned ... (Read 48 times)

deesands

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on: Jun 30, 2018
The 45-degree reference line indicates all points at which
 
  A) planned real saving and planned real investment are equal.
  B) planned real saving and planned real saving are equal.
  C) planned real consumption expenditures and real GDP are equal.
  D) planned real consumption expenditures and planned real saving are equal.

Question 2

Refer to the table above. Identify the correct statement.
 
  A) Country X has an absolute advantage in the production of both the goods.
  B) Country Y has a comparative advantage in the production of both goods.
  C) Country X has an absolute advantage only in the production of wheat.
  D) Country Y has an absolute advantage in the production of both goods.


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AngeliqueG

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


deesands

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Reply #2 on: Jun 30, 2018
Thank you :)


AngeliqueG

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Reply #3 on: Jun 30, 2018
Happy to help you


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