Firms that face downward-sloping demand curves for their output in the product market are called

Countries that engage in trade will tend to specialize in the production of goods and services in which they have ________ and will ________ these goods and services

A) a comparative advantage; export B) a comparative advantage; import C) an absolute advantage; import D) an absolute advantage; export

GDP is most often discussed using ________ figures, although it is typically calculated ________.

A. quarterly; annually B. annual; monthly C. annual; quarterly D. quarterly; monthly