Question 3 {1.25 points) Which of the following best represents how an economist would define the cost of something? 0 the value of the resources needed to produce it Q the amount of labour needed to produce it Q the dollar amount of obtaining it Q what is given up in order to obtain it Question 4 (1.25 points) Which of the following is not necessarily an outcome of international trade? people specialize in activities in which they have a comparative advantage )more efficient resource use all individuals within trading countries benefit O goods being obtained at lower opportunity cost