When the Principle of Comparative Advantage Is Used to Guide

question 185

Multiple Choice

When the principle of comparative advantage is used to guide trade, then a country will specialize by producing only

• A) goods for which production takes fewer worker- hour than another country.
• B) goods for which production costs are more than average total costs.
• C) goods with the highest opportunity cost.
• D) goods with the lowest opportunity costs.

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Definitions:

Conscience

An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.

Superego

In psychoanalytic theory, the part of the personality responsible for moral standards and self-criticism.

Reality Principle

The recognition, characterizing ego functioning, that we cannot always express or satisfy our id impulses.

Psychodynamic

A method in psychology that prioritizes the thorough investigation of the mental processes driving human behavior, emotions, and feelings, and their association with experiences from early life.