Refer to the graph above. ____ has an absolute advantage in producing jasmine, and ____ has an absolute advantage in producing orchids. 

If a tariff is imposed on imports of shrimp into the United​ States, U.S. producer surplus from shrimp will​ ____, and U.S. consumer surplus from shrimp will​ ____.

If a tariff is imposed on imports of shrimp into the United​ States, U.S. consumer surplus from shrimp will​ ____, and U.S. producer surplus from shrimp will​ ____.

Price Quantity of Sweaters Demanded Quantity of Sweaters Supplied $50 300 sweaters 225 sweaters $60 275 sweaters 275 sweaters $70 250 sweaters 325 sweaters $80 225 sweaters 375 sweaters $90 200 sweaters 425 sweaters Refer to the table above. The price of wool used to produce sweaters rises. In response, the supply of sweaters decreases, and the new equilibrium price of a sweater is $80. By how much did the supply curve shift leftward?

Peru produces blueberries and raspberries. It can produce 150 pounds of blueberries or 750 pounds raspberries per day. The opportunity cost of producing an additional pound of blueberries is ____. 

The Washington Post reports that the price of lilies rose last month, while the quantity of lilies bought and sold increased. Which of the following events could have caused these changes? (A lily is a type of flower.)

Consider the market for avocados depicted above. If the government imposes a price ceiling at $2.00 per avocado, consumer surplus will be ____. There will be a deadweight loss of ____.

Refer to the graph above. The opportunity cost of producing an additional orchid is ____ jasmine(s) in Cambodia. The opportunity cost of producing an additional orchid is ____ jasmine(s) in Thailand.

Assume that potatoes are an inferior good. Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes to​ increase?

Refer to the graph above. If these two countries specialize production according to their comparative advantages and engage in trade, ____