Increases in Total Output Realized When Individuals Specialize in Particular

question 166

Multiple Choice

Increases in total output realized when individuals specialize in particular tasks and trade are known as:

• A)the gains from trade.
• B)the profits obtained from sales of a good or service.
• C)marginal analysis.
• D)a trade-off.

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Definitions:

Breaking Confidentiality

Breaking confidentiality is the act of disclosing private or protected information without consent, violating ethical guidelines or agreements in professional settings.

Duty To Warn

A legal and ethical obligation for certain professionals to disclose information to prevent harm to a specific individual or the public when a client poses a threat.

Lethality

The degree or capability of something to cause death or serious harm.

Consultation

A professional advice process, typically in the areas of law, health, education, or business.