Which of the Following Principles Underlies the Gains from Trade

question 42

Multiple Choice

Which of the following principles underlies the gains from trade?

• A)Resources are scarce.
• B)Marginal analysis is used for "how much" decisions.
• C)Resources should be used as efficiently as possible to achieve society's goals.
• D)People usually exploit opportunities to make themselves better off.

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Definitions:

Channels

Means or mediums through which information, messages, or products are delivered or distributed between entities or within systems.

Verbal

Pertaining to words and language, especially the use of speech in communication.

Nonverbal

Communication without the use of spoken language, often involving body language, facial expressions, and gestures.

Flaming

Online behavior characterized by the use of hostile or aggressive language, often resulting in heated exchanges.