In a two-good, two country world, if one country has a comparative advantage in the production of one good, it can benefit by trading with the other country

Which of the following would cause an increase in demand for golf balls?

a. a decrease in the price of golf balls b. an increase in the price of green fees c. an expectation by buyers that their incomes will increase in the very near future d. a change in consumer tastes away from golf and toward tennis

Which was NOT an argument of the protesters against the IMF, WTO, and the World Bank?

A. We are exploiting factory workers in poor countries. B. Our subsidized grain exports sold below cost in poor countries, driving local farmers out of business. C. Globalization is hurting the American standard of living. D. Globalization is lowering American wages and exporting high paying jobs.