If Blake can pick more cherries in one hour than Cody, then Blake has a comparative advantage in cherry picking

Comment on the following statement: "A decrease in supply will lead to an increase in the price which decreases demand, thus lowering price. Therefore, a decrease in supply has no effect on the price of a good."

What will be an ideal response?

The fastest-growing part of the federal budget is

A) national defense. B) payments for services rendered. C) entitlements. D) government salaries.