微观经济学综合期末练习.docVIP

PAGE PAGE 8 True or False According to the Law of Comparative Advantage, individuals and economies should specialize in producing those goods and services in which they have a comparative advantage. ( ) If MUx/Px is less than MUy/Py, then a utility-maximizing consumer the consumer should consume more X and less Y. ( ) If there are two goods with positive prices and the price of one good is reduced, while income and other prices remain constant, then the size of the budget set is reduced. ( ) Just as in the theory of utility maximizing consumers, the theory of profit maximizing firms allo