Caroline is an artist. She purchases canvases, paints, brushes, and accessories for $75. She sells one of her original paintings to an art gallery for $1,500, even though an art lover would pay $4,500 for that painting. How much market value does

According to Okun's law, if full-employment output is $5000 billion, then each percentage point of unemployment sustained for one year reduces output by

A) $50 billion. B) $100 billion. C) $150 billion. D) $200 billion.

Comparative advantage is based on the

A) concept that some countries are superior to others. B) concept of absolute advantage of producing goods in different countries. C) concept of relative opportunity cost of producing goods in different countries. D) concept that some countries are better endowed with natural resources.