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Author Question: Which of the following is false? a. Once a country has a comparative advantage in producing a good, ... (Read 20 times)

swpotter12

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on: Jun 30, 2018
Which of the following is false?
 a. Once a country has a comparative advantage in producing a good, that comparative advantage will always continue.
  b. If you can mow the lawn at home faster than your younger brother, you have a comparative advantage over him in mowing the lawn.
  c. Restrictions on trade will reduce people's degree of specialization according to comparative advantage.
 d. As practice at producing what you have a comparative advantage in makes you better at it, your comparative advantage would tend to increase.

Question 2

If real GDP is increasing more rapidly than the population, then:
 a. interest rates must be falling.
 b. the economy must be experiencing inflation.
  c. per capita real GDP will be increasing.
 d. per capita real GDP will be decreasing.


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Sophiapenny

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

a

Answer to Question 2

c


swpotter12

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Reply 2 on: Jun 30, 2018
:D TYSM

kishoreddi

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Reply 3 on: Yesterday
Gracias!

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