The Law of Comparative Advantage Explains Why

question 59

Multiple Choice

The law of comparative advantage explains why

• A)individuals choose specialized careers.
• B)firms specialize in the production of certain goods.
• C)nations develop strengths in certain industries.
• D)All of the responses are correct.

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Definitions:

Abdominopelvic Cavity

The combined cavity within the body that includes both the abdominal cavity and the pelvic cavity, containing organs such as the stomach, liver, intestines, and reproductive organs.

Thoracic Cavity

The chamber of the body enclosed by the ribs, sternum, and vertebral column, containing the lungs and heart.

Ventral Cavity

The human body cavity located at the front, which houses organs including the heart, lungs, intestines, and liver.

Negative Feedback

A regulatory mechanism in which a stimulus causes an opposite output in order to maintain an ideal level of whatever is being regulated.