Resources Are Used More Efficiently If People, Regions, and Countries

question 128

Multiple Choice

Resources are used more efficiently if people, regions, and countries specialize in goods for which they have a(n) :

• A)​disincentive to trade with others.
• B)​higher opportunity cost.
• C)​absolute advantage in production.
• D)​comparative advantage in production.

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Definitions:

Microstructures

The small-scale, intricate social, physical, or biological arrangements and patterns that make up a larger system or society.

Sociological Imagination

The ability to see the relationship between individual experiences and larger social influences.

Scientific Revolution

The period of significant advancements in science during the 16th and 17th centuries, which transformed views on society and nature.

Sociology

is the study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.