Specialization Can Lead to an Increase in the Production of All

question 86

Multiple Choice

Specialization can lead to an increase in the production of all goods only if

• A)the two nations specialized in the production of goods.
• B)each nation were to produce all goods.
• C)the opportunity cost of producing goods differs between two nations.
• D)neither country has a comparative advantage in the production of any good.

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Definitions:

Emergency Department

A specialized unit in a hospital providing immediate treatment to patients with acute illnesses or injuries.

Iron Supplement

A dietary supplement used to increase the level of iron in the body, typically used to treat or prevent iron-deficiency anemia.

Simultaneously

Occurring, operating, or done at the same time.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord that occur when the neural tube does not close completely during early fetal development.