The standard interpretation of the Ricardian model is that differences in factor endowments between countries account for differences in labor productivity

The table above shows data on two variables. If these data were graphed, the slope of the line would be

A) 1/2. B) 4/3. C) 2/3. D) 3/4. E) 2.

If a seller lowers the price of a product when demand is price inelastic, the seller can expect revenues to

A) rise. B) fall. C) stay the same. D) either rise or fall, but it is impossible to determine which.