The Benefits to Specialization Are Even Greater When Two Trading

question 104

Multiple Choice

The benefits to specialization are even greater when two trading partners have:

• A)absolute advantages in producing the same goods.
• B)similar consumption preferences.
• C)very similar opportunity costs.
• D)large differences in opportunity costs.

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Definitions:

Attitude

A psychological construct representing an individual's positive or negative feelings and predispositions toward an object or situation.

Negative Messages

Communications that convey displeasing, disappointing, or otherwise unfavorable information to the receiver.

Positive One

Could refer to a positive aspect, individual, or outcome that stands out or is singular in context but without a specific reference, it's not a recognized key term. NO.

Attitudes

This term encompasses the various predispositions or outlooks an individual holds towards different objects, people, or situations, shaped by experience and influencing behavior.