Any Two Individuals Gain from Trade

question 121

Multiple Choice

Any two individuals gain from trade

• A)unless one has an absolute advantage in producing all goods.
• B)if each specializes in the production of the good for which he has the higher opportunity cost.
• C)unless they have the same opportunity costs for producing all goods.
• D)unless they have different opportunity costs for producing all goods.
• E)unless they have the same absolute advantage in producing all goods.

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Definitions:

Monocot Leaves

Leaves of monocotyledonous plants, typically characterized by parallel veins.

Parallel Venation

A pattern of plant vein arrangement where veins run parallel to each other throughout the leaf blade.

Palmate Venation

A type of leaf venation where several main veins radiate outwards from a single point, resembling the palm of a hand, typical of some types of plants.

Phloem

The vascular tissue in plants responsible for the transport of organic nutrients, particularly sucrose, from the leaves to the rest of the plant.