In order to obtain an efficient allocation of resources worldwide
A) countries that have a lot of resources should ship resources to countries that do not have a lot of resources.
B) countries that have a lot of resources should not trade since poorer countries cannot compete.
C) each country should produce the good they have a comparative advantage in and then trade.
D) no trade among countries should occur.
C
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Refer to Figure 13-9. Which of the graphs in the figure depicts a monopolistically competitive firm that is earning economic profits?
A) Panel A B) Panel B C) Panel C D) Panel A and Panel B
The government agency charged with environmental regulation is the
a. Justice Department b. Department of Commerce c. Federal Trade Commission d. Environmental Protection Agency e. Internal Revenue Service
The figure below shows private supply and demand for flu vaccines.
Which statement is definitely true about shelter in the above below? 
A. It has a positively sloped section in its demand curve. B. It is a normal good throughout the range shown. C. It is an inferior good throughout the range shown. D. The income and substitution effects must be shown before any of these statements can be definitely true.