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:

Emollient

A substance that softens and moisturizes the skin, reducing itching and flaking by forming a protective layer on the skin surface.

Lubricant

A substance applied to reduce friction between surfaces in mutual contact, which can also refer to products used to facilitate various medical or personal procedures.

Peristalsis

The series of wave-like muscle contractions that move food through the digestive tract.

Mass Colonic Peristalsis

The coordinated contraction and relaxation of colon muscles that moves content through the colon.