In an open economy, the quantity demanded of TVs in the domestic market will be ________.

Is it possible for a firm to have an absolute advantage in producing something without having a comparative advantage? Why or why not?

What will be an ideal response?

(Last Word) Following the Great Recession that ended mid-2009, by December 2012:

A. employment had reached prerecession levels. B. employment was still 3.4 million below prerecession levels. C. the unemployment rate was still around 10 percent. D. unemployment had fallen below its lowest prerecession rate.