A country has a comparative advantage in a product if the world price is _____ than that country's domestic price without trade

When considering the aggregate demand curve, the wealth effect, interest rate effect and effects from international trade reinforce each other

Indicate whether the statement is true or false

A trough is the

A) lower turning point of a business cycle when an expansion begins. B) lower turning point of a business cycle when a recession begins. C) upper turning point of a business cycle when an expansion begins. D) upper turning point of a business cycle when a recession begins.