Economists measure a market's domination by a small number of firms with a statistic called the

If the trade line that passes through the production point on the PPC has a slope that is shallower than the slope of the PPC at the same point, then

A) the country can get greater gains from trade if it moves production away from the vertical axis. B) the country can get greater gains from trade if it moves production toward the vertical axis. C) the country cannot improve on its gains from trade. D) There are no gains from trade in this example. E) There is not enough information to tell how it can improve its gains from trade.

Distinguish between investment goods and consumption goods. If you buy a car, is it investment or consumption? What if IBM buys a car? Are inventories a consumption or investment good?

What will be an ideal response?