If Brazil can produce 5 shirts or 4 pounds of beef in a day, and Uruguay can produce 10 shirts or 2 pounds of beef in a day, then Brazil has a comparative advantage in the production of beef

If the Treasury finances an expenditure by borrowing from the Fed, the money supply

A) and bank reserves fall. B) and bank reserves rise. C) rises while bank reserves remain unchanged. D) remains unchanged as bank reserves rise.

The amount of a good or service that buyers would be willing and able to purchase at a specific price is known as

a. quantity demanded b. demand c. supply d. quantity supplied e. opportunity cost