Given the information in the table above. If these two countries trade these two goods in the context of the Ricardian model of comparative advantage, then what is the lower limit of the world equilibrium price of widgets?

Fiat money is:

a. includes currency and gold in bank vaults. b. does not include coins. c. is backed by any sort of commodity. d. has no value outside of its use as money.

When a free market for a good reaches equilibrium, anyone who is willing and able to pay the market price can buy the good

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