An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. ________ has the comparative advantage in TVs and ________ has the comparative advantage in radios.

An example of a public good is

A) national defense services. B) a Ford truck. C) a loaf of bread. D) a home computer.

With only two goods, x and y, if x and y are gross substitutes, a rise in px must necessarily:

a. increase spending in x. b. reduce spending in x. c. increase spending in y. d. reduce spending in y.