Use the following information to answer the next question.C = A + .875(Y - T)A = $10,000I = $2,000G = $2,500T = $1,000NX = $1,025What is the equilibrium level of real GDP?

Firms that engage in price discrimination

a. will earn less profit than those that do not discriminate. b. will earn more profit than those that do not discriminate. c. are biased against certain buyers in the market. d. will always produce less output than firms that do not discriminate.

Suppose that only two goods are produced in an economy. If a country possesses the comparative advantage in the production of one good then it:

A. must also possess the comparative advantage in the production of the other good. B. must also possess the absolute advantage in the production of that good. C. cannot also possess the comparative advantage in the production of the other good. D. cannot also possess the absolute advantage in the production of that good.