The Benefits to Specialization Are Even Greater When Two Trading

question 104

Multiple Choice

The benefits to specialization are even greater when two trading partners have:

• A)absolute advantages in producing the same goods.
• B)similar consumption preferences.
• C)very similar opportunity costs.
• D)large differences in opportunity costs.

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Definitions:

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The typical duration of pregnancy, measured from the first day of the woman's last menstrual period until the birth of the baby, usually around 40 weeks in humans.

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Immature eggs in the ovaries that can develop into mature eggs during ovulation.

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A short-term inflammation of the membranes lining the nose and surrounding sinus cavities, often causing congestion, pain, and other symptoms.

Antibiotic Prescribed

A medication recommended by a healthcare professional to treat bacterial infections, working either by killing bacteria or inhibiting their growth.