Author Question: The study of the decision-making process of government is the study of: a. Keynesian economics. b. ... (Read 85 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
The study of the decision-making process of government is the study of:
 a. Keynesian economics.
  b. public choice theory.
  c. rational expectations theory.
  d. social economics.

Question 2

If nation A has a comparative advantage over nation B in the production of a product, this implies:
 a. it requires fewer resources in A to produce the good than in B.
  b. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B.
  c. that nation B could not benefit by engaging in trade with A.
  d. that nation A should acquire this product by trading with B.
  e. that nation A could not benefit by engaging in trade with B.



ebenov

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

For a complete list of videos, visit our video library