Suppose That We Are in a Two-Factor, Two-Country World Where

question 10

Multiple Choice

Suppose that we are in a two-factor, two-country world where the factors of production Are labor (L) and land (T) , the returns to the factors are the wage rate (w) and the rental Rate on land (t) , and the countries are country A and country B. In this situation, country A is land-abundant relative to country B by the physical definition of relative factor Abundance if __________, and country A is land-abundant relative to country B by the Price (or economic) definition if __________.

• A) (L/T)_A < (L/T)_B; (w/t)_A > (w/t)_B
• B) (L/T)_A < (L/T)_B; (w/t)_A < (w/t)_B
• C) (L/T)_A > (L/T)_B; (w/t)_A > (w/t)_B
• D) (L/T)_A > (L/T)_B; (w/t)_A < (w/t)

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Definitions:

Cognitive Restructuring

A psychological technique that aims to challenge and change irrational or maladaptive thoughts, beliefs, and attitudes.

Exposure Therapy

A psychological treatment method that involves confronting fears directly and under controlled conditions to reduce the learned fear response.

Panic Disorder

A psychiatric disorder characterized by recurring panic attacks, which are sudden periods of intense fear or discomfort.

Social Anxiety Disorder

A chronic mental health condition characterized by intense fear and avoidance of social situations due to perceived judgment or scrutiny by others.