Specialization according to comparative advantage, followed by trade, allows everyone to acquire more of the goods they want.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Prices communicate information about relative availability of products. For example, a decrease in the price of corn signals to consumers and producers that:
a. consumers are buying more corn than before.
b. corn is relatively more abundant than before.
c. corn is relatively less abundant than before.
d. consumers are stocking up on corn because of the predictions of a cold winter.
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Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
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