The government agency charged with environmental regulation is the

The aggregate demand curve shows the equilibrium output level at different price levels determined from the income-expenditures model

Indicate whether the statement is true or false

Two nations have the following production capacity given their endowment of resources. Country A can produce 50 units of beer or 80 units of pizzas. Country B can produce 100 units of beer or 90 units of pizzas. Which of the following statement is most appropriate?

A. Country A has a comparative advantage in beer and country B has an absolute advantage in pizzas. B. Country A has a comparative advantage in pizza and country B has a comparative advantage in beer. C. Country A has an absolute advantage both products. D. Both b and c are correct.