The Concept of Comparative Advantage Implies That

question 2

Multiple Choice

The concept of comparative advantage implies that:

• A) there are winners and losers when people trade without specializing.
• B) people have to be self-sufficient.
• C) people benefit from specializing and trading with one another.
• D) only those people who are productive benefit from trade.

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Definitions:

Unconscious Processes

Mental processes that occur without conscious awareness, influencing thoughts, feelings, and behaviors.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating the associative learning process through experiments with dogs.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior over internal phenomena like feelings and thoughts.

Unconscious Motives

Underlying influences on behavior that stem from desires or feelings of which an individual is not aware.