In a closed economy with fixed or autonomous (non-income dependent) taxes, the balanced budget government purchases multiplier is negative

If a job requires two activities and there are two workers who can perform those activities, then which of the following statements regarding absolute advantage must be false?

a. One worker can have an absolute advantage in both activities. b. One worker may not have an absolute advantage in neither activity. c. Neither worker can have an absolute advantage in either activity. d. Both workers can have an absolute advantage in both activities.

The central institution through which a laissez-faire system answers the basic economic questions is the

A. tribal council. B. market. C. government. D. central planning body.