22. If China has lower opportunity cost in producing T-shirt, A. China has an absolute advantage B. China has a comparative advantage. C. China has absolute disadvantage. D. China has comparative disadvantage. 23. Refer to the figure shown, which represents the production possibilities frontiers for Namibia. The opportunity cost of producing banana in Namibia? Banana Orange 2 : 4 A. 6/30. B. 4/20. C. 3/15. D. 5/25. 24. The law of demand states that, other things being equal, A. People always demand less at lower prices and more at higher prices. B. Changes in price and changes in quantity demanded move in the same direction. C. There is direct relationship between price and quantity demanded. D. There is indirect relationship between price and quantity demanded. 25. Which one of the following statements is correct A. The demand curve is always upward slopping B. The demand curve is always horizontal. C. The demand curve is downward slopping showing indirect relationship between price and quantity. D. The demand curve is downward slopping showing direct relationship between price and quantity. 26. Which of the following is a determinant of demand? A. Cost of production. B. Income. C. Technology D. Number of suppliers