To Benefit the Most from Trade, a Person Should

question 53

Multiple Choice

To benefit the most from trade, a person should:

• A) specialize in an activity for which she has an absolute advantage.
• B) specialize in an activity for which she has a comparative advantage.
• C) do everything she possibly can.
• D) do as little as possible.

---

Definitions:

Maintenance Department

The section of an organization responsible for maintaining and repairing its facilities, equipment, and vehicles to ensure operational efficiency.

Operating Data

Information or statistics that pertain to the day-to-day functions and performance of a business or organization.

Indirect Factory Expenses

Costs associated with manufacturing that are not directly tied to the production of goods, such as utilities and maintenance.

Square Footage

Square Footage is the measurement of area expressed in square feet, commonly used to determine the size of a room or overall space.