In Addition to Realizing the Benefits of Specialization According to Comparative

question 53

Multiple Choice

In addition to realizing the benefits of specialization according to comparative advantage,a nation that engages in international trade and specialization may realize benefits from

• A)economies of scale and learning by doing.
• B)diseconomies of scale and learning by doing.
• C)learning by doing and increased opportunity costs.
• D)a devaluation of its currency.
• E)a less diversified economy.

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Definitions:

Psychologists

Professionals who study mental processes and behavior, often helping individuals cope with their emotions, thought patterns, and interactions.

Differential Emotions Theory

The view that basic emotions are innate and emerge in their adult form either at birth or on a biologically determined timetable.

Biologically Determined

Traits, behaviors, or conditions influenced primarily by genetic makeup rather than environmental factors.

Emotional Expressions

Visible manifestations of one's internal emotional states through facial expressions, body language, voice tone, and other physical signs.