George and Michael Can Gain from Exchange

question 226

Multiple Choice

George and Michael can gain from exchange

• A) unless one has an absolute advantage in all goods.
• B) if each specializes in the production of the good for which he has the higher opportunity cost.
• C) if each specializes in the production of the good for which he has the lower opportunity cost.
• D) unless they have different opportunity costs.

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Definitions:

Relaxation

The state or process of becoming less tense or anxious, often achieved through practices like meditation, deep breathing, or yoga.

Biofeedback

A technique that teaches control over involuntary physiological processes through monitoring and feedback.

Muscle Tension

The state of partial or complete contraction of muscles, which can be voluntary or due to stress, anxiety, or other factors.

Genetic Makeup

the complete set of genes or genetic material present in a cell or organism, determining its hereditary traits.