One factor that shifts the consumption schedule is household wealth. Households build wealth by:

Trading partners should specialize in producing goods in accordance with comparative advantage, then trade and diversify in consumption because

a. out-of-pocket costs of production decline b. free trade areas protect infant industries c. economies of scale are present d. manufacturers face diminishing returns e. more goods are available for consumption

The factor that most often leads to under pricing and overuse of an economic resource is human greed

a. True b. False Indicate whether the statement is true or false