has a comparative advantage in the production of wine.

Department stores stock more beach chairs during the summer months than in the winter months. Despite the rightward shift in supply, prices do not drop. Why not?

France’s opportunity cost of producing 1 bottle of wine is .

Which of the following will cause the demand curve for baking flour to shift to the left?

Italy’s opportunity cost of producing 1 bottle of wine is .

When Lucy chose a major, she likely thought about her skills. Let’s say Lucy doesn’t enjoy dealing with numbers. How could she explain to her parents, using logic from economics, why she chose to major in English instead of mathematics?

Refer to the following table for the next seven questions.Piolli Electronics and Sumo Technology are both small manufacturers of high-end navigation systems and car security systems. The following table describes their maximum outputs per day. Navigation Systems Security Systems Piolli 40 80 Sumo 30 45 At what terms of trade (relative price ratio) could Piolli and Sumo specialize and trade with one another so that both have more navigation systems and security systems than they could have produced on their own?

Suppose we are examining the market for Dining out in Pocatello and more restaurants choose to open a franchise in town and the average income level starts to fall. As a result, the demand for dining out in Pocatello will and the supply for dining out in Pocatello will , the equilibrium price will and the equilibrium quantity will . 

Suppose we are examining the market for Pickleball paddles and the price of graphite (used in the production of the paddles) increases and more people start playing pickleball. As a result, the demand for pickleball paddles will , the supply for pickleball paddles will , the equilibrium price will and the equilibrium quantity will .

What is a safe overcommitment ratio for memory?