Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the consumer?

The U.S. banking system is considered to be a dual system because

A) banks offer both checking and savings accounts. B) it actually includes both banks and thrift institutions. C) it is regulated by both state and federal governments. D) it was established before the Civil War, requiring separate regulatory bodies for the North and South.

The principle of comparative advantage states that a country should specialize in the production of those goods that have the highest opportunity costs

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