If a nation has a comparative disadvantage in the production of some commodity,
a. it can gain from international trade in that commodity only if it has an absolute advantage in that commodity.
b. it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if they produced it domestically.
c. it cannot gain from international trade in the

Milton Friedman's k-percent rule says to set the rate of growth of the quantity of money equal to

A) the real interest rate. B) a constant rate. C) the rate of growth of potential GDP. D) the unemployment rate. E) last year's growth rate of real GDP.

In the Case in Point on economic growth prospects for the United States, economist Robert Gordon expects for the near future:

A) A period of robust growth. B) A period of secular stagnation. C) A period of no growth. D) A period of no technological innovation.