If we want to gauge the sacrifice made by a taxpayer, we should use the

Because of the existence of comparative advantage, the total output of goods is higher when each producer

A) produces many different goods. B) produces at the midpoint of its PPF. C) specializes in the production of one good or a few goods. D) makes both intermediate and final goods.

Ha-eun just received a significant increase in salary. Considering this, her demand for which of the following would most likely increase?

a. discounted produce b. meals in gourmet restaurants c. frozen foods d. meals in fast-food restaurants