An economic analysis of the relationship between proposed legislation affecting major employers in each state and the voting patterns of senators and representatives in Congress on that legislation would fit within the subcategory of economics called:

A cable company can add a subscriber for ________ and a market failure occurs because the price charged ________

A) nearly zero marginal cost; exceeds marginal cost B) less than average cost; reduces consumer surplus C) nearly zero marginal cost; is extortionist D) average variable cost; increases producer surplus

Whenever a country has an absolute advantage in the production of a good, that implies that the country should specialize in the production of that good

a. True b. False Indicate whether the statement is true or false