When Each Person Specializes in Producing the Good in Which

question 14

True/False

When each person specializes in producing the good in which he or she has a comparative advantage, each person can gain from trade but total production in the economy is unchanged.

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Definitions:

Primary Bronchi

The major air passages that branch off from the trachea and enter the lungs to facilitate breathing.

Voice Box

The part of the air passage to the lungs that holds the vocal cords; it is responsible for producing sound.

Larynx

The voice box located in the throat, involved in breathing, producing sound, and protecting the trachea against food aspiration.

Trachea

The windpipe, a tube that connects the larynx to the bronchi of the lungs.