In a Two-Country,two-Commodity Framework,when One Country Has an Absolute Advantage

question 130

Multiple Choice

In a two-country,two-commodity framework,when one country has an absolute advantage in the production of both commodities,_____.

• A)autarky is always preferred to trade
• B)differences in the opportunity cost of production between the two countries ensure that specialization and trade result in mutual gains
• C)the country with the lowest opportunity cost of production is the least competitive in international markets
• D)the countries gain from mutual trade as long as tastes differ across countries
• E)the countries gain from specialization and exchange as long as they are the same size

Identify and understand the role of negative and positive reinforcers in shaping behavior.

Distinguish between different types of reinforcement schedules and their effects on behavior.

Realize the impact of conditioning studies on the field of behaviorism and psychological thought.

Understand the definitions and functions of primary and secondary reinforcers.

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Definitions:

Great Leader Theory

A leadership theory that suggests certain individuals possess inherent traits or characteristics that make them exceptionally effective leaders.

Zeitgeist Theory

A theory suggesting that the dominant set of ideals, beliefs, and mores of a society reflects its spirit or intellectual and cultural climate at any given time.

Trait

A distinguishing characteristic or quality, particularly of one's personal nature.

Coercive

The use of force or intimidation to obtain compliance from others.