Gains from Trade Arise Because Of

question 69

Multiple Choice

Gains from trade arise because of:

• A)specialization in production.
• B)specialization in consumption.
• C)marginal analysis.
• D)individual choice.

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Definitions:

Licenses Radio

Regulatory authorization needed to operate radio stations or use radio frequencies, usually granted by a national telecommunication regulatory body.

Licenses Television

The regulatory process where governmental or other authoritative entities grant permissions to organizations or individuals to operate television stations.

Media Effects

The various ways in which media exposure influences or alters the attitudes, behaviors, and values of individuals or society as a whole.

Political Consequences

The outcomes or results stemming from political actions, decisions, policies, or events that can affect the governance, direction, and society of a community or nation.