Differences in Opportunity Cost Allow for Gains from Trade

question 91

True/False

Differences in opportunity cost allow for gains from trade.

---

Definitions:

Sense of Smell

The ability to perceive odors, a chemical sensing system also known as olfaction.

Hearing

The sense by which sound is perceived, involving the detection of vibrations and their interpretation by the brain.

Nearsightedness

A vision condition in which close objects are seen clearly, but objects farther away appear blurred.

Retina

The light-sensitive layer of tissue at the back of the inner eye, which contains photoreceptor cells that capture light and convert it into electrical signals for the brain to interpret as images.