The first discussion of comparative advantage appears in a book written by

Suppose the demand curve is perfectly inelastic and the supply curve is upward sloping. The price sellers receive after a specific tax is imposed on sellers

A) is less than before the tax. B) is higher than before the tax. C) is unchanged. D) depends on the supply elasticity.

Which of the following actions would cause the aggregate demand curve to shift to the left?

A) an increase in consumer spending caused by a cut in the personal income tax rate B) an increase in government spending caused by increased spending on highways and bridge construction C) a decrease net export spending caused by an appreciation of the home currency D) an increase in exports caused by an increase in economic activity in the European Union