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Author Question: Any permanent change in the quantity of any factor of production available capital, technology, ... (Read 86 times)

roselinechinyere27m

  • Hero Member
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  • Posts: 557
on: Jun 30, 2018
Any permanent change in the quantity of any factor of production available capital, technology, land, or labor can cause a shift in both the long-run and short-run aggregate supply curves.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A trade deficit occurs when:
 a. a country imposes a price floor on the good in which it has a comparative advantage.
  b. a country's imports exceed its exports.
  c. a country imposes a price ceiling on the good in which it has a comparative advantage.
  d. a country's exports exceed its imports.
  e. the domestic product market is in disequilibrium.


guyanai

  • Sr. Member
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  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


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