___ 26. If the demand curve for product J shifts to the left as the price of pro

Question

___ 26. If the demand curve for product J shifts to the left as the price of product K increases, then J and K are complementary goods.

____ 27. All points on the production possibilities curve represent efficient levels of production.

____ 28. One cause for the uneven standard of living throughout the world is the uneven distribution of resources.

____ 29. If a nation has an absolute advantage over another nation in the production of all commodities, it is not feasible to take advantage of the principle of comparative advantage.

Explanation / Answer

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