To decrease output the government could
A. adopt policies that discourage immigration and increase government spending.
B. adopt policies that encourage immigration and decrease government spending.
C. adopt policies that encourage technological advancement and increase government spending.
D. adopt policies that discourage technological advancement and decrease government spending.
Answer: D
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A country has a comparative advantage in the production of a good if its opportunity cost is lower compared to another country
Indicate whether the statement is true or false
In the long run, the typical firm in this market will produce a quantity equal to 
A. q3. B. q2. C. q1. D. Q1.
Which of the following is most likely to prevent a poor country from developing?
What will be an ideal response?
The two main sources of household income are wages/salaries and property income.
Answer the following statement true (T) or false (F)