At all points to the right of the intersection of the aggregate output (Y) and aggregate expenditures (AE) curves, there will be unplanned inventory accumulation

Refer to Table 2-9. Japan has a comparative advantage in the production of

A) rice. B) wristwatches. C) both products. D) neither product.

In discussing trade, it is ____ that matters rather than ____

a. absolute advantage: elastic advantage b. comparative advantage; absolute advantage c. entire advantage; comparative advantage d. elastic advantage; entire advantage e. declarative advantage; absolute advantage