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How Can a Person Who Is "Better" or More Efficient

question 121

Essay

How can a person who is "better" or more efficient (in that they have an absolute advantage in the production of various goods on the PPF) at producing several things be made even better off by specialization and trade?


Definitions:

Hard-Working

Characteristic of an individual who puts in a great deal of effort and diligence in their tasks.

Honesty

A moral quality comprising the virtues of truthfulness, integrity, and straightforwardness.

Integrity

The quality of being honest and having strong moral principles, or the state of being whole and undivided.

Transcript

A copy made directly from an original record, especially an official copy of a student’s educational record.

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