A comparative advantage is when a good can be produced at a(n) ________ cost in terms of other goods.
a. lower
b. higher
c. equal
d. comparative
a. lower
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In an open economy, the quantity supplied of TVs in the domestic market will be ________. 
A. 30,000 B. 120,000 C. 90,000 D. 60,000
If you purchase a $100,000 interest-rate futures contract for 110, and the price of the Treasury securities on the expiration date is 106, your ________ is ________
A) profit; $4000 B) loss; $4000 C) profit; $6000 D) loss; $6000
Imagine the government would like to increase revenues by taxing the people. If they place a unit tax on certain goods, this is equivalent to
a. c and e b. shifting the demand curve to the right c. reducing everyone's income by the amount of the unit tax d. raising the fixed costs of producers e. shifting the supply curve to the left
An average tax rate of 20 percent on the poor and 1 percent on the rich would be
A. progressive. B. proportional. C. regressive.