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:

Social Organization

The structured arrangement of relationships and roles within a group or society, facilitating cooperation and order.

Appliances

Electrical or mechanical machines designed for a specific function, commonly found in homes or businesses, such as refrigerators, washing machines, or ovens.

Upper-upper Class

The segment of society that holds the highest level of wealth, influence, and prestige.

Patrician

Relates to a member of the nobility or aristocracy, often used historically to describe high-status individuals in Roman society.