Entrepreneurs serve a different purpose compared to a manager

For a normal good, an increase in consumer income will lead to I. a movement down the demand curve II. a rightward shift in the demand curve III. a reduction in supply

A) I only B) II only C) III only D) Both II and III

Canada is said to have an absolute advantage vis-à-vis the U.S. in the production of cod because it can produce cod

a. in larger quantities b. while the U.S. can't c. at a lower opportunity cost d. with fewer resources e. at a higher opportunity cost