Author Question: The study of the decision-making process of government is the study of: a. Keynesian economics. b. ... (Read 70 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?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

For a complete list of videos, visit our video library