Author Question: Suppose that the Zubians can produce 1000 pounds of flour per hours, or catch 500 pounds of fish per ... (Read 266 times)

MGLQZ · **on:** Jun 30, 2018

Suppose that the Zubians can produce 1000 pounds of flour per hours, or catch 500 pounds of fish per hour. In contrast, the Zirconians can produce 1800 pounds of flour per hour, or catch 300 pounds of fish per hours. What is the comparative advantage of the Zubians?
a. Flour.
b. Fish.
c. Neither flour nor fish.
d. Both flour and fish.

Question 2

Demand-pull inflation happens during periods of full employment in the business cycle when demand for goods and services is growing faster than supply.
a. True
b. False
Indicate whether the statement is true or false