Author Question: Any permanent change in the quantity of any factor of production available capital, technology, ... (Read 85 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
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
  • ****
  • Posts: 349
Answer to Question 1

True

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

For a complete list of videos, visit our video library