In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain ________, firms will continue to raise production, and output will continue to rise

After much success during the 1970s, the OPEC cartel saw the price of oil and the revenues of its members decline during the 1980s due, in part, to

a. the low elasticity of demand for oil in the short run b. the large number of buyers from each member nation c. surging demand for oil in the early 1980s d. publicity concerning the prices negotiated with each member e. the greater long-run elasticity of demand for oil

Countries that engage in trade will tend to specialize in the production of goods and services in which they have ________ and will ________ these goods and services

A) a comparative advantage; import B) an absolute advantage; export C) a comparative advantage; export D) an absolute advantage; import