Examlex
The examiner should be concerned about neurologic competence if a social smile cannot be elicited by the time a child is _____ old.
Pauper Labor Fallacy
The incorrect belief that importing goods from countries with lower wage levels hurts the economy of a country with higher wage levels.
Sweatshop Labor Fallacy
The misconception that sweatshop labor is entirely harmful and provides no benefit to workers in developing countries.
Heckscher-Ohlin Theory
An economic theory that suggests countries export what they can most efficiently and abundantly produce.
Absolute Advantage
The ability of a country, company, or individual to produce a good or provide a service more efficiently than competitors.
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