Following the Principle of Comparative Advantage, Specialization

question 14

Multiple Choice

Following the principle of comparative advantage, specialization:

• A) permits greater levels of total production than would be attained without it.
• B) increases the dependency of countries on trade.
• C) both of the above.
• D) neither of the above.

---

Definitions:

Legal Protection

Safeguards provided by the law to individuals, groups, or entities against infringement of their rights or interests.

Unions

Organizations that represent workers' interests, aiming to improve their working conditions, wages, and rights through collective bargaining.

Injunctions

Court orders that require an individual or entity to do or cease doing a specific action.

Unionization Efforts

The processes and activities undertaken by workers and labor unions to encourage and facilitate the formation of unions at workplaces.