Prior to the early twentieth century, the American culture emphasized frugality and people were expected to save their money, only buying necessities. Consumerism is a product of the twentieth century

Medicaid is a health insurance program for low-income mothers, children, the elderly, and ______.

a. prisoners b. government workers c. college students d. people with disabilities

How does the Hecksher-Ohlin Theorem modify current understands of comparative advantage?

a. Hecksher-Ohlin supports the further implementation of fair trade policies around the world. b. The theorem supports the use of a fixed currency exchange rate based on silver as a back up. c. Hecksher-Ohlin states that actors should be in a policy position that others have no incentive to change. d. Specifies what type of products countries will import and export based on comparative advantage observations.