Occurs whenever the quantity supplied is greater than the quantity demanded

Refer to Figure 18.1. After trade begins, ________ will specialize in the production of bicycles and ________ will specialize in the production of hang gliders

A) the United States; Canada B) the United States.; the United States C) Canada; Canada D) Canada; the United States

America's antitrust laws are used to protect competition against possible encroachment by monopoly. This is an example of government as

a. regulator of businesses. b. buyer of goods and services. c. tax collector. d. redistributor.