Consider a Country That Is Initially Autarkic and Then Engages

question 75

Multiple Choice

Consider a country that is initially autarkic and then engages freely in international trade. If a country has a comparative advantage in the production of soybeans, it will most probably

• A)increase the production of soybeans to allow for the export of soybeans.
• B)derive no advantage from any trade in soybeans.
• C)increase the production of soybeans for domestic consumption.
• D)decrease the production of soybeans for domestic consumption.
• E)import soybeans

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Definitions:

Unconditioned Response

An automatic, natural response to a stimulus that occurs without any need for prior learning or conditioning.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Preparedness

The state of being readily equipped to handle anticipated situations or emergencies.

Conditioning

A form of learning in which an individual's response to certain stimuli is modified by reinforcement or punishment.