If the domestic price is below the world price of a certain product, the domestic country will export the product.

When one person's opportunity cost of producing a good is lower than another person's opportunity cost of producing the same good, it is called

A) an absolute advantage. B) a comparative advantage. C) specialization. D) production possibilities. E) a trade-off.

Refer to Figure 2-4. A movement from ________ is the result of negative technological change in plastic production

A) V to X B) Z to Y C) X to W D) W to Z