Question 17
If, in the absence of trade, an English worker can produce either 4 barrels of olive oil or 16 shirts weekly, while a Portuguese worker can
produce either 10 barrels of olive oil or 20 shirts weekly, after trade commences:

1) d

2)c

3)b

4) a

5)c

6) c

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu

answer; implicit memories explicit;