If an individual has a comparative advantage in the production of a good, then this individual has the
A. greatest desire for the good.
B. lowest opportunity cost in the production of the good.
C. highest opportunity cost in the production of the good.
D. same opportunity cost in the production of the good.
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
The above figures show the market for hamburger meat. Which figure(s) shows the effect of an increase in the price of a hamburger bun, a complement for hamburger meat?
A) Figure B B) Figure C C) Figure D D) Figures A and B
The official settlements account records the change in ________
A) international trade B) U.S. official reserves C) foreign investment and domestic investment D) the reserves held by banks and the Fed
Lucas argues that when policies change, expectations will change thereby
A) changing the relationships in econometric models. B) causing the government to abandon its discretionary stance. C) forcing the Fed to keep its deliberations secret. D) making it easier to predict the effects of policy changes.