If the price elasticity of demand (Ep) equals one in the short run, then, other things being equal, in the long run Ep will be

If Carla can pick more oranges in one hour than Benjamin, then Carla definitely has a comparative advantage in picking oranges

Indicate whether the statement is true or false

During recessions, government expenditure automatically

A) rises because of programs such as unemployment insurance and Medicaid. B) falls because of programs such as unemployment insurance and Medicaid. C) falls because of the progressive income tax system. D) rises because of the progressive income tax system.