Refer to the above diagram. If this is a competitive market, price and quantity will move toward:

Economic growth means people produce

A) money. B) material things. C) whatever people value. D) only durable and high-quality goods.

Refer to Table 2-19. Which of the following statements is true?

A) Betty has an absolute advantage in making benches and Wilma in making statues. B) Wilma has an absolute advantage in making both products. C) Betty has an absolute advantage in making both products. D) Betty has an absolute advantage in making statues and Wilma in making benches.