Chile is blessed with rich copper deposits. The cost of producing copper (relative to the cost of manufactures) is therefore very low. From this information we know that A. Chile has a comparative advantage in copper. B. Chile should export both manufactures and copper. C. Chile should import copper and export manufactures. D. Depending upon the world relative price of copper, Chile may or may not have a comparative advantage in copper

the answer is d i just took the test (provides the number of allowances an employee has claimed.)

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.