Workers in the 1800s building railroads by hand was an example of a(n) ____ intensive form of production

If Spain sells soccer balls to the United States, then Spain:

A. has an absolute advantage over the United States in making soccer balls. B. has the ability to produce soccer balls at a lower opportunity cost than the United States can. C. does not have any trade barriers with the US. D. can produce more soccer balls than the United States given the same resources.

Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower