If the "Net" or "Overall" Effect (Which Is the Net

question 32

Multiple Choice

If the "net" or "overall" effect (which is the net result of the production and consumption effects) of a country's growth is "protrade" in nature, then the country's offer curve (with the export good on the horizontal axis) will shift or pivot __________; if the "net" or "overall" effect is "antitrade" in nature, then the country's offer curve (with the export good on the horizontal axis) __________.

• A) outward (or to the right); will shift or pivot inward (or to the left)
• B) outward (or to the right); also will shift or pivot outward (or to the right)
• C) inward (or to the left); also will pivot inward (or to the left)
• D) inward (or to the left); will shift or pivot outward (or to the right)

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Definitions:

Social Influence

The effect that the words, actions, or mere presence of other people have on our beliefs, feelings, attitudes, or behavior.

Heuristic-Systematic Model

A dual-process theory of persuasion that suggests there are two ways people process information: through heuristics (quick, automatic thinking) and systematically (deep, thoughtful analysis).

Systematic Processing

A mode of thinking in which individuals take a more analytical and comprehensive path to evaluating information, as opposed to relying on general impressions.

Disconfirmation Bias

The tendency to notice, refute and regard as weak, arguments that contradict our prior beliefs.