Refer to the Graph Shown for a Small Country That

question 46

Multiple Choice

Refer to the graph shown for a small country that is a price taker internationally. Assume the foreign supply of this product is perfectly elastic at a price of $4 per unit. If there are no trade restrictions, this country will produce:

• A)2,400 units domestically and import 5,000 units.
• B)7,400 units domestically and export 5,000 units.
• C)4,800 units domestically and consume 4,800 units.
• D)4,800 units domestically and import 2,600 units.

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Definitions:

Frustration-Aggression Hypothesis

The frustration-aggression hypothesis suggests that aggression is often the result of frustration, or blocked effort to achieve a goal.

Dollard

Referring to John Dollard, a psychologist who, along with Neal Miller, focused on the study of learning and behavior.

Aggression

Behavior aimed at causing harm or pain to another being, which can be physical or verbal, and is motivated by various factors such as frustration, hostility, or as a means to an end.

Behavioural Disengagement

Behavioural disengagement involves withdrawing effort or giving up on goals in the face of difficulties or failure.