The Theory of Comparative Advantage Recognizes That: I

question 36

Multiple Choice

The Theory of Comparative Advantage recognizes that: I. very productive people can do everything. II. people can make more by specializing than by doing everything. III. the division of knowledge helps increase productivity.

• A) I, II, and III
• B) II and III only
• C) I and II only
• D) I and III only

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Definitions:

Sympathetic

Part of the autonomic nervous system responsible for the body's "fight or flight" response to stress.

Parasympathetic

Relating to the part of the autonomic nervous system that conserves energy by slowing down the heart rate and increasing intestinal and gland activity.

Somatic

Relating to the body, especially as distinct from the mind.

Peripheral

Relating to or situated on the edge or periphery of something; often used to describe things that are not of primary importance.