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Author Question: According to the principle of comparative advantage, total output and consumption levels will be ... (Read 57 times)

dalyningkenk

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on: Jun 30, 2018
According to the principle of comparative advantage, total output and consumption levels will be highest when goods are produced in nations according to which of the following conditions?
 a. Opportunity costs are lowest. b. Absolute advantages are highest.
  c. Opportunity costs are equal. d. Absolute advantages are lowest.

Question 2

Say's Law refers to the concept that:
 a. increases in aggregate demand create unionization.
  b. demand creates its own supply.
 c. supply creates its own demand.
 d. flexible wages affect price levels.


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tdewitt

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

a

Answer to Question 2

c


dalyningkenk

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Reply 2 on: Jun 30, 2018
Wow, this really help

diana chang

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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