If a country produces only two goods, it is possible to have a comparative advantage in the production of both those goods

A tariff is a tax on ________ goods that is designed to ________

a. exported; protect domestic industries b. exported; hurt foreign industries c. imported; make domestic consumers pay more d. imported; protect domestic industries e. domestic; discourage imports

The division of labor helps to explain why workers do not consume most of what they produce

a. True b. False Indicate whether the statement is true or false