World Output Will Be Maximized If Each Country _____

question 178

Multiple Choice

World output will be maximized if each country _____

• A) attempts to be self-sufficient.
• B) specializes in producing those goods in which it has a comparative advantage.
• C) specializes in producing those goods in which it has an absolute advantage.
• D) reduces its consumption possibilities.
• E) equals its consumption possibilities.

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Definitions:

Urinary Bladder

A hollow muscular organ that stores urine before it is excreted from the body.

Endoderm

The innermost layer of the early embryo, which gives rise to the lining of the digestive and respiratory systems, among other structures.

Neuroectoderm

Part of the ectoderm of an embryo giving rise to the brain and spinal cord.

Postganglionic Autonomic Neurons

Neurons that transmit signals from autonomic ganglia to target organs, involved in the regulation of involuntary bodily functions.