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Author Question: Absolute advantage governs the potential for gains from trade. a. True b. False Indicate whether ... (Read 37 times)

nautica902

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on: Jun 30, 2018
Absolute advantage governs the potential for gains from trade.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the spending of consumers, businesses, government, and foreigners (net exports) is less than the aggregate output level of the economy, the Keynesian model result is that:
 a. output will rise.
  b. output will fall.
  c. prices will rise.
  d. inventories will tend to decline.


ebonylittles

  • Sr. Member
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  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


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