(A) State the Rybczynski Theorem

question 8

Essay

(a) State the Rybczynski theorem. Then, in a two-factor, two-good Heckscher-Ohlin context, illustrate and explain the "production effect" of growth in the labor force in a relatively capital-abundant country, other things equal.
(b) In the situation of the labor force growth in part (a) above, suppose that the country is a "large" country. Define the meaning of a "large" country in international trade. Then, and assuming that the "net" or "overall" effect of the labor force growth in part (a) is of the same type as the "production effect," illustrate and explain, other things equal, the impact of that labor force growth on the country's willingness to trade and the country's terms of trade.
(c) Finally, define "immiserizing growth." Then very briefly explain how "immiserizing growth" could or could not happen in the situation of part (b) above.

Analyze the impact of emotional and physiological states on memory performance.

Recognize common memory phenomena and their explanations.

Describe the role of rehearsal and overlearning in memory retention.

Identify and differentiate between theories of forgetting.

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Definitions:

Cost Ratios

These ratios compare different types of costs to each other or to sales in order to evaluate a company's financial efficiency and profitability.

Constant Costs

Costs that do not change in total with the level of activity or production volume, within a certain range of activity or period of time.

Domestic Real Cost

The actual economic cost of production or acquisition, factoring in domestic purchasing power and excluding the effects of inflation.

Trading Possibilities Curves

A graphical representation illustrating the range of goods or services that two countries can trade with each other under the assumption of no trade barriers.