If the Best Lawyer in Town Is Also the Best

question 227

Multiple Choice

If the best lawyer in town is also the best at operating a word processor,then according to the theory of comparative advantage,this person should

• A)split her time evenly between being a lawyer and a word processor.
• B)specialize in being a lawyer because its opportunity cost is lower.
• C)should pursue the activity she enjoys more.
• D)specialize in being a word processor because it is more capital-intensive.

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Definitions:

Heredity

The transmission of genetic characteristics from parents to offspring.

Personality Characteristics

Enduring attributes or traits of an individual that influence behaviors and reactions across various situations.

Group Membership

The inclusion of individuals within a collective that share common goals, interests, or identities.

Life Experiences

The events, situations, and milestones that an individual encounters throughout their life, shaping their personality and outlook.