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Which of these international trade concepts results in specialization and trade increases in total world output? a) absolute advantage b) balance of payments c) absolute advantage d) international tariffs

Hree steps to answering test questions correctly include a. underlining, repeating, reading c. reading, undoing, eliminating b. reading, underlining, erasing d. reading, underlining, eliminating

What is likely to happen if a new aggregate demand curve moves to the right? prices and output would drop, and the equilibrium point will stay the same. prices would rise, and output would drop in the short run. prices and output would rise, and the equilibrium point will change. prices would rise, and output would drop in the long run.