A shortage, also known as excess demand, occurs if buyers want to buy more than sellers want to sell

Consider the United States' production of soy beans and running shoes. If the United States has an absolute advantage in the production of both goods compared to China,

A) only the United States can gain from trade. B) each country will be able to produce at a point beyond its PPF. C) only China can gain from trade. D) only the United States will be able to operate beyond its PPF. E) both countries can gain from trade.

As more information is gather, the marginal cost of additional information ________ and the marginal benefit of additional information ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases