The short-run aggregate supply curve is vertical

Government action can usually perfectly correct the market's shortcomings

a. True b. False Indicate whether the statement is true or false

The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor hour. The opportunity cost of producing a bushel of corn in the United Kingdom is ProductivityIn the United KingdomIn the Rest of the WorldUmbrellas per labor hour0.251.00Bushels of corn per labor hour0.500.67

A. 1/2 of an umbrella. B. two umbrellas. C. 2/3 of an umbrella. D. three umbrellas.