An Economic Principle That Explains Why People Pursue Different Occupations

question 32

Multiple Choice

An economic principle that explains why people pursue different occupations is

• A)absolute advantage.
• B)international trade.
• C)comparative advantage.
• D)NAFTA.

---

Definitions:

IoT Communications

The exchange of data and information between Internet of Things (IoT) devices and systems over various communication protocols.

Bluetooth

A wireless technology standard for exchanging data over short distances between fixed and mobile devices, creating personal area networks.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.

RFID

Radio-frequency identification, a technology using electromagnetic fields to automatically identify and track tags attached to objects.