In the figure above, with international trade ________ million shirts per year are produced in the United States

Suppose that the opportunity cost of a student's time is greater when he studies than when he works. What mistake is he making and why?

What will be an ideal response?

Refer to the figure above. If tastes were to change so that S became more preferred relative to T, then, in autarky, production and consumption would move from their initial equilibrium to a point such as

A) C. B) D. C) E. D) F.