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-Refer to Above Figure

question 43

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  -Refer to above figure. If trade were to open up between P and R, where would the terms of trade locate in the figure above (somewhere on the P<sub>C</sub>/P<sub>F</sub> axis)? Would relative wages (w/r) in the two countries become equal? Is this consistent with the Heckscher-Ohlin model? Explain.
-Refer to above figure. If trade were to open up between P and R, where would the terms of trade locate in the figure above (somewhere on the PC/PF axis)? Would relative wages (w/r) in the two countries become equal? Is this consistent with the Heckscher-Ohlin model? Explain.

Explain the concept of group cohesiveness and its implications for group dynamics.
Understand the impact of group discussion on decision-making and opinion formation.
Differentiate between stereotypes, prejudice, and discrimination and understand their psychological basis.
Appreciate the subjective nature of human perception and its impact on social judgments.

Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without requiring any learning.

Conditioned Taste Aversion

An acquired response where an individual avoids consuming a certain food or drink due to a previous negative experience, such as illness.

Cultural Practices

The shared activities, rituals, and traditions that are prevalent within a specific community or society, reflecting their values and beliefs.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

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