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Author Question: A nation benefits from international trade if it: a. exports more than it imports. b. imports more ... (Read 127 times)

EAugust

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on: Jun 30, 2018
A nation benefits from international trade if it:
 a. exports more than it imports.
  b. imports more than it exports.
  c. imports goods for which it is a low opportunity cost producer.
  d. exports goods for which it is a low opportunity cost producer.

Question 2

The French economist Jean-Baptiste Say transformed the equality of total output and total spending into a law that can be expressed as follows:
 a. Unemployment is not possible in the short run.
  b. Demand and supply are never equal.
  c. Supply creates its own demand.
  d. Demand creates its own supply.


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tdewitt

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

d

Answer to Question 2

c


EAugust

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

daiying98

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

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