The consumer price index for the current year measures the cost of a standard basket in the ________ year relative to the cost of the same basket in the ________ year.

What is the central bank of the United States and what functions does it perform?

What will be an ideal response?

If a country possesses the absolute advantage in the production of one good:

A. it can produce more of that good given the same resources. B. then it must also possess the absolute advantage in the production of the other good. C. then it must also possess the comparative advantage in the production of the other good. D. then it must also possess the comparative advantage in the production of both goods.