People Will Choose to Specialize and Trade If They Can

question 94

Multiple Choice

People will choose to specialize and trade if they can acquire the goods they want:

• A) at a lower cost than making the goods themselves.
• B) at a higher cost than making the goods themselves.
• C) from someone who is willing to trade with them.
• D) from a capitalistic system of exchange.

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Definitions:

Negative Relationship

Relationship in which increases in scores for one variable are associated with decreases in scores of another variable.

Instructor

A person who teaches or educates, often within a school or academic context.

Distance

A measure of the space between two points, often used in various scientific and mathematical contexts.

Pearson Correlation Coefficient

Statistic measuring the linear relationship between two variables measured at the interval and/or ratio level of measurement.