The Expansion of World Output as a Result of Trade

question 60

Multiple Choice

The expansion of world output as a result of trade is mainly due to the effects of

• A)Higher trade barriers.
• B)Improved terms of trade.
• C)Specialization according to comparative advantage.

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Definitions:

Top-Down Processing

An approach to processing information that starts with the brain's higher-level cognitive processes before receiving specific data from the senses.

Bottom-Up Processing

Analysis that begins with the sensory receptors and works up to the brain’s integration of sensory information.

Phantom Limb Sensations

The experience of sensations, often painful, in a limb that has been amputated, as if the limb were still present.

Dissociation

A split in consciousness, which allows some thoughts and behaviors to occur simultaneously with others.