Solved

When People Focus on Their Comparative Advantage and Then Trade

Question 72

Multiple Choice

When people focus on their comparative advantage and then trade for other things, they:


A) improve their standard of living or increase their leisure time.
B) focus their consumption on just a few things.
C) increase the time they spend working and reduce the variety in their consumption.
D) have a lower standard of living than if they focused on their absolute advantage.

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