Critics of the extreme rational expectations theory argue that ...

[Pea0909berry]

Critics of the extreme rational expectations theory argue that wages and input prices do not adjust instantaneously.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The Taiwanese government allows tax credits for domestic producers who compete with manufacturers in First World nations. This suggests that Taiwan engages in _____.
 a. trade protectionism
  b. export substitution
  c. foreign exchange market intervention
  d. import substitution
  e. voluntary export restrictions

[bblaney]

Answer to Question 1

True

Answer to Question 2

b

[Pea0909berry]

Thanks for the timely response, appreciate it

[jamesnevil303]

Excellent