The Law of Increasing Opportunity Costs Limits International Specialization

question 174

True/False

The law of increasing opportunity costs limits international specialization.

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Definitions:

Defense Mechanisms

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses and to maintain one's self-schema.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Physical Gratification

The satisfaction or pleasure obtained from bodily sensations, often associated with fulfilling basic needs or desires.