Specialising in the Production of a Good or Service in Which

question 115

Multiple Choice

Specialising in the production of a good or service in which one has a comparative advantage enables a country to do all of the following except:

• A)engage in mutually beneficial trade with other nations.
• B)increase the variety of products that it can consume with no increase in resources.
• C)consume a combination of goods that lies outside its own production possibility frontier.
• D)produce a combination of goods that lies outside its own production possibility frontier.

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Definitions:

ANS

Short for Autonomic Nervous System, which controls involuntary body functions such as heartbeat, digestion, and breathing.

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, initiating rapid bodily changes for emergency action.

Sympathetic

Pertaining to the part of the autonomic nervous system that typically prepares the body for action by accelerating the heart rate, constricting blood vessels, and raising blood pressure.

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and restoring the body to a state of calm.