In the above figure, the average total cost curve is curve

Trade, both within and across national borders, ________

A) discourages specialization in production B) exploits absolute advantage C) reduces interdependence among nations D) increases productive efficiency

If you have $1,000 of money in the bank and the price level rises by 5 percent, your

A) money is worth more in terms of what it can purchase. B) money is worth less in terms of what it can purchase. C) money is worth the same in terms of what it can purchase. D) purchasing power has increased.