According to the Theory of Comparative Advantage, ________ Raise(s) Productivity

question 44

Multiple Choice

According to the theory of comparative advantage, ________ raise(s) productivity by lowering opportunity costs.

• A) trade and specialization
• B) investment in capital goods
• C) economic growth
• D) exchange and consumption

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Definitions:

Partnership

A business structure where two or more individuals share ownership, as well as the profits and liabilities of the business.

Alternate Payees

Individuals or entities designated to receive payments on behalf of the original payee, often seen in legal settlements or divorce decrees involving support payments.

Pay To The Order

A directive on a financial instrument instructing the payment to the individual or entity whose name follows.

Notice

A formal communication or announcement given to a party, usually in writing, about an action or condition.