Suppose there is an excess demand for essential goods right now, do you think hoarding of those
commodities are value laden acts? Could such an
lact lead to inflation? What will you suggest
retailers/producers as a global citizens?

Afarmer is an example of what kind of producer?

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.

How an absolute advantage might affect a country's imports and exports?