Individuals A and B both produce good X. A has a comparative advantage in the production of good X if A
A) has a lower opportunity cost of producing good X than has B.
B) has a lower opportunity cost of producing good X than of producing good Y.
C) can produce more units of X in a given time period than can B.
D) can produce X using newer technology than can B.
A
Economics
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Which of the following shifts the demand curve for hot dogs leftward?
A) an increase in the price of a hot dog bun B) a decrease in the price of a hot dog bun C) an increase in the price of a hot dog D) an increase in the price of a hamburger
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Actual output exceeds the natural output when
A) the actual budget deficit is above the structural deficit. B) the actual budget deficit is below the structural deficit. C) the structural deficit is positive. D) the structural deficit is negative.
Economics