Match the Term with the Appropriate Description

question 48

Multiple Choice

Match the term with the appropriate description.
-histamine

• A)lipids that cause smooth muscle relaxation and vasodilation
• B)lymph nodules aggregated in the small intestinal wall
• C)rounded epithelial structures found in the medulla of thymus
• D)areas of a lymph node where lymphocytes divide
• E)a chemical released from mast cells that causes vasodilation

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Definitions:

Absolute Advantage

The ability of a party (country, company, individual) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient trade possibilities.

Specialize

Refers to the process of focusing on a specific area of knowledge or skill within a broader field.

Comparative Advantage

The ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another.