Figure 3.4 illustrates the demand for tacos. If people expect the price of tacos to decrease in the near future, this would most likely bring about a movement from:

When the Fed raises the federal funds rate, the consumption expenditure ________ and investment ________

A) increases; increases B) decreases; decreases C) does not change; does not change D) does not change; decreases E) increases; decreases

The United States has a comparative advantage in producing cotton if the U.S. price of cotton before international trade is ________ the world price

A) less than B) equal to C) greater than D) not comparable to