Refer to Figure 3-2. A decrease in productivity would be represented by a movement from

Refer to Table 18.1. Russia has a comparative advantage in

A) gloves. B) hats. C) both hats and gloves. D) neither hats nor gloves.

An isoquant indicates different combinations of

A) two inputs that can be purchased for the same amount of money. B) two inputs that can produce the same amount of output. C) output that can be produced with the same amount of input. D) output that cost the same amount to produce.