Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Country A has the absolute advantage in the production of:

If an economy with extractive institutions allows for political creative destruction:

A) poverty in the economy is likely to increase. B) the growth rate of the economy is likely to decrease. C) new leaders are likely to replace old leaders. D) innovation in the economy is likely to decrease.

Because unemployment is a macroeconomic topic, an increase in unemployment would not be expected to have any impact on the equilibrium price or quantity in the market for an individual good

Indicate whether the statement is true or false