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Author Question: Contractionary fiscal policy attempts to shift aggregate demand to the right. Indicate whether ... (Read 66 times)

olgavictoria

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on: Jun 30, 2018
Contractionary fiscal policy attempts to shift aggregate demand to the right.
 
  Indicate whether the statement is true or false

Question 2

Explain why government actions that make industries more competitive do not create comparative advantage.
 
  What will be an ideal response?
International Economics ¦ Gerber ¦ 6th Edition
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pikon

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

FALSE

Answer to Question 2

Because governments spend resources in order to make industries more competitive, price of goods in these industries no longer reflects the true costs of production (on which comparative advantage is based.


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