If cross-price elasticity of demand between two goods is positive, the two goods are:

Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. The United States has a comparative advantage in producing

A) food. B) clothing. C) food and clothing. D) neither good.

A tax where wealthy people pay a larger percentage of their income than poor people is known as a(n):

a. excise tax. b. flat tax. c. proportional tax. d. progressive tax. e. regressive tax.