How Can a Person Who Is "Better" or More Efficient

question 67

Essay

How can a person who is "better" or more efficient (in that he or she has an absolute advantage in the production of various goods on the PPF)at producing several things be made even better off by specialization and trade?

---

Definitions:

Heart Motion

The movement of the heart as it contracts and relaxes to pump blood throughout the body.

PVC

Polyvinyl chloride, a synthetic plastic polymer used in a wide variety of applications, from piping and clothing to furniture and signage.

ECG

Electrocardiogram, a medical test that records the electrical activity of the heart over a period of time using electrodes placed on the skin.

Wave

A wave is a disturbance that transfers energy through space and matter, often described by its amplitude, wavelength, frequency, and speed.