A firm can hire six workers at a wage rate of $8 per hour but must pay $9 per hour to all of its employees to attract a seventh worker. The marginal wage cost of the seventh worker is:

The United States is a ________ nation because it pays ________ in interest to the rest of the world than it receives in ________ from the rest of the world

A) creditor; more; interest B) debtor; more; interest C) debtor; less; cash D) debtor; more; cash E) debtor; less; interest

A country has a comparative advantage in the production of a good if its opportunity cost is lower compared to another country

Indicate whether the statement is true or false