GDP is useful in evaluating which of the following?

• The production of firms that are owned by domestic nationals butlocated overseas
• Increases in domestic consumption
• An economy of a country producing a significant amount abroad
• The quality of life or the well-being of a population

Which of the following has NOT influencedglobal poverty rates?

• Income polarity
• Gini coefficient
• Differential access to health care
• Increasing population

Because of its climate,Brazilhas the comparative advantage in coffeeproduction, while the United States has the comparative advantage in wheat production.

This would makewhich of the following statements about comparative advantage FALSE?

• If workers in Brazil produce wheat, they will have to give up a significant amount of coffee production.
• The United States can obtain coffee at a lower opportunity cost than if it produced it itself.
• Both countries should trade based on comparative advantage.
• Brazil gives up more wheat than the United States when it produces coffee.