Question
Please explain the following: 1.One way fiscal policy affects aggregate demand is: Multiple Choice a. directly through government spending. b. directly through tariffs. c. directly
Please explain the following:
1.One way fiscal policy affects aggregate demand is:
Multiple Choice
a. directly through government spending.
b. directly through tariffs.
c. directly through taxation.
d. All of these are true.
2.Comparative advantage is the ability to produce:
Multiple Choice
a. more of a good than others with a given amount of resources.
b.relatively more than any other good with a given amount of resources.
c. a good or service at a lower opportunity cost than others.
d. more of a good at a lower cost.
3.A country with plenty of capital and little land may have a comparative advantage in:
Multiple Choice
a. land-intensive activities.
b. capital-intensive activities.
c. labor-intensive activities.
d. technology-intensive activities.
Thank you
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