Suppose Hank and Tony can both produce corn. If Hank's opportunity cost of producing a bushel of corn is 2 bushels of soybeans and Tony's opportunity cost of producing a bushel of corn is 3 bushels of soybeans, then Hank has the comparative advantage in the production of corn

Which of the following will be excluded from the measurement of gross domestic product (GDP)?

a. The market value of automobiles purchased by the federal government b. The market value of California wine purchased by a Canadian firm c. The payment of employees' medical insurance d. The market value of computers purchased by state governments e. The market value of transactions in the underground economy

Explain the way an increase in supply with demand remaining constant and a decrease in supply with demand remaining constant are different.

What will be an ideal response?