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☆☆☆☆☆Cards in this guide (7)
When does Country X have an absolute advantage over Country Y in the production of corn
Country X can grow corn more cheaply than Country Y.
What does the inflation rate indicate
How quickly prices are rising.
When does County X have a comparative advantage in the production of coffee
Country X doesn't give up a more efficient form of production in order to grow coffee.
Which of these is the Fed not able to do
Prevent a budget deficit
Which of these can be used to protect consumers from unsafe products
A recall
Example of discretionary spending
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
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