The Economic Principle That States That Individuals or Nations Can

question 35

Multiple Choice

The economic principle that states that individuals or nations can gain by specializing in the production of goods that they produce cheaply and exchanging for other desired goods that they could only produce at a higher cost is

• A) the law of absolute advantage.
• B) the law of comparative advantage.
• C) the law of production possibilities.
• D) the exchange maximum principle.

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Definitions:

Empathy

Understanding and acceptance of a person's feelings and the ability to sense the person's private world.

Diagnosis of Cancer

The process of determining the presence and type of cancer through tests and examinations.

Fear

An emotional response to a perceived threat, which can cause physiological and behavioral changes as a form of adaptation.

SOLER

An acronym for a communication technique used in counseling and therapeutic settings, standing for Squarely facing the speaker, Open posture, Leaning slightly forward, Eye contact, and Relax while listening.