The opportunity cost of working out for one hour is the value of the next-best activity that you could have done in that hour

When the real interest rate falls, the consumption function

A) does not shift and there is a movement downward along the consumption function. B) shifts upward. C) does not shift and there is a movement upward along the consumption function. D) shifts downward. E) does not shift and there is no movement along the consumption function.

The Heckscher-Ohlin model basically states that countries will specialize and trade those goods in which they have comparative advantage

Indicate whether the statement is true or false