Suppose Two Countries Have Similar Resources, Capital, and Skilled Labor

question 93

Multiple Choice

Suppose two countries have similar resources, capital, and skilled labor. If they produce more, the cost per unit of production for both goods declines as more goods are produced. The most efficient method to produce the products is for each country to

• A)produce some of each product and not trade with each other.
• B)specialize in one of the products and then trade extra production for the other product.
• C)specialize in one of the products but not trade extra production for the other product.
• D)produce some of each product and then trade with each other.
• E)specialize in both products while hoping the other country is not successful in its specialization.

Recognize the methods and significance of measuring infant memory and motor skills.

Evaluate and critique Piaget's theory of cognitive development.

Understand the concept of the A-not-B error in the context of infant cognitive development.

Recognize the developmental milestones related to the emergence of motor and mental abilities in infants.

---

Definitions:

Virtual Organization

An organizational structure that operates through digital collaboration among geographically dispersed members, relying on technology rather than physical offices.

Information Technology

The use of computers, storage, networks, and other physical devices, infrastructure and processes to create, process, store, secure, and exchange all forms of electronic data.

Physical Space

The tangible, three-dimensional environment in which objects and events occur and have relative position and direction.

Company Culture

The unique combination of a company’s vision, values, norms, systems, symbols, language, assumptions, beliefs, and habits.