In Addition to Reaping the Benefits of Specialization According to Comparative

question 67

Multiple Choice

In addition to reaping the benefits of specialization according to comparative advantage, a nation that engages in international trade and specialization may realize benefits from

• A)economies of scale and learning by doing.
• B)diseconomies of scale and learning by doing.
• C)a less diversified economy.
• D)a devaluation of its currency.
• E)learning by doing and increased opportunity costs.

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Definitions:

Prefrontal Lobes

Regions of the frontal lobes of the brain associated with complex cognitive behavior, personality, decision making, and moderating social behavior.

Working Memory

A cognitive system responsible for temporarily holding and processing information needed for complex cognitive tasks like learning, reasoning, and comprehension.

Cell Breakdown

The process in which cells degrade or disintegrate, often due to disease, injury, or the natural aging process.

Neuron Death

The process of cell death in neurons, which can result from disease, injury, or aging, leading to various neurological conditions.