The study of economics is basically about what two things?

Refer to Figure 24-1. Ceteris paribus, a decrease in the price level would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

The Heckscher-Ohlin theorem says that a country is likely to have a comparative advantage in a labor intensive product if it has a large labor supply.

Answer the following statement true (T) or false (F)