People Will Choose to Specialize and Trade If They Can

question 83

Multiple Choice

People will choose to specialize and trade if they can acquire the goods they want:

• A) at a lower cost than it would cost them to make the goods themselves.
• B) at a higher cost than it would cost them to make the goods themselves.
• C) from someone who is willing to trade with them.
• D) from a capitalistic system of exchange.

---

Definitions:

Personal Identification Number

A unique numerical code used in securing access to accounts or systems, often a password or security measure.

Payee's Signature

The signature of the individual or entity entitled to receive payment on a financial document, such as a check.

Back Of A Check

The rear face of a check where endorsements are made, including the signature of the recipient, necessary for the check to be cashed or deposited.

Endorsement

The payee’s signature on the back of a check. It is a transfer of title on the check to the bank in exchange for the amount of money on the face of the check.