Gains from Trade Will Be Possible as Long as

question 73

Multiple Choice

Gains from trade will be possible as long as

• A) levels of utility differ.
• B) utility functions differ.
• C) marginal rates of substitution differ.
• D) endowments differ.

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Definitions:

Roller Skates

Shoes, or a binding worn over shoes, fitted with a set of wheels for gliding and maneuvering on floors or pavements.

Seat Belts

Safety devices installed in vehicles that, when used properly, significantly reduce the risk of injury or death in the event of a crash by securing the occupant in place.

Healthy Food Choices

The selection of foods that contribute to overall health, including plenty of fruits, vegetables, whole grains, and lean proteins.

Safe Sex Practices

Behaviors and precautions taken to reduce the risk of sexually transmitted infections and unwanted pregnancies.