The ____________ was designed to raise revenue and achieve mercantilist goals, while the ____________ was simply intended to raise revenue

Consider two economies: A and B. If the gap between the growth rate of money supply and growth rate of real GDP is larger in country A than in country B, then according to the quantity theory of money:

A) the inflation rate will be lower in country A. B) the inflation rate will be higher in country A. C) real interest rates will be higher in country A. D) nominal interest rates will be lower in country A.

A country must have absolute advantage in a good in order to have comparative advantage in that good

Indicate whether the statement is true or false