Gains from trade can be realized if each country specializes in the production of a good in which it has a comparative advantage

The resources used to make goods and services are called ____________ .

a. factors of production. b. the gross national product. c. the production possibilities frontier. d. opportunity costs.

All Gini coefficients must lie between 0 and 1. The lower the value

A) the closer the income distribution is to being equal. B) the lower the degree of poverty according to the federal government's definition of poverty. C) the greater the degree of poverty. D) the more unequal the income distribution.