When PAE increases we expect that economy will be at ________ levels of equilibrium GDP.

You and your roommate must divide the cooking and cleaning duties. Which of the following will contribute toward giving you a comparative advantage in cleaning?

A) You develop a contagious disease. B) Your roommate develops an allergy to dust. C) Your roommate takes a course in cooking. D) All of the above. E) None of the above.

Of the following, which is the least likely example of an increase in total factor productivity?

A) the introduction of the assembly line B) an increase in immigration C) good weather D) a reduction in the relative price of energy