Any Two Individuals Will Gain from Exchange

question 57

Multiple Choice

Any two individuals will gain from exchange

• A)unless one has an absolute advantage in producing all goods.
• B)if each specializes in the production of the good for which he has the higher opportunity cost.
• C)unless they have the same opportunity costs for producing all goods.
• D)unless they have different opportunity costs for producing all goods.
• E)unless they have the same absolute advantage in producing all goods.

---

Definitions:

Time Series

A forecasting technique that uses a series of past data points to make a forecast.