Refer to Table 5.1. Hector has a comparative advantage in the production of

Overconsumption of a product can be caused by imperfect information

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

You're the president of the United States and your economic advisor tells you that the economy is in a state of high inflation, high unemployment, and low growth. You know then that your advisor is talking about

a. stagnation b. deflation c. depression d. stagflation e. prosperity