One argument in favor of activist monetary policy is that the economy does not always equilibrate quickly enough at Natural Real GDP

Indicate whether the statement is true or false

True

Economics

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Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table above gives their production possibilities

A) Blue Violet has a comparative advantage in teapots. B) Sweet Pansy has a comparative advantage in teapots. C) Both have a comparative advantage in teapots. D) Sweet Pansy has an absolute advantage in teapots.

Economics

Give an example of a public good. Explain what characteristics make this good a public good

What will be an ideal response?

Economics