When the Fed wants to decrease US interest rates it will buy US treasury bonds

A market situation where a small number of sellers compose the entire industry is called

a. monopolistic competition. b. monopsony. c. monopoly. d. oligopoly.

Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. The workers in Country A should specialize in __________________ because they possess the ___________________ in the production of that good.

A. bananas; comparative advantage B. tomatoes; comparative advantage C. bananas; absolute advantage D. tomatoes; absolute advantage