Assume a Two-Country Two-Good Two-Input Model Where the Following Relationships

question 25

Multiple Choice

Assume a two-country two-good two-input model where the following relationships hold: (K/L) _U.S. > (K/L) _ROW
(K/L) _automobiles > (K/L) _shoes
Where (K/L) _U.S. is the capital-labor ratio in the United States, (K/L) _ROW is the capital-labor ratio in the Rest of the World, (K/L) _automobiles indicates the capital-labor ratio in the production of automobiles, and (K/L) _shoes indicates the capital-labor ratio in the production of shoes. Assume further that technology and tastes are the same in the United States and the Rest of the World. Which of the following statements is true?

• A)Production of automobiles is relatively labor-intensive.
• B)Production of shoes is relatively labor-intensive.
• C)Production of shoes is relatively cheaper in the U.S than the rest of the world.
• D)The laborers in the United States are less productive than the laborers in the Rest of the World.

Understand the unique evolutionary traits of humans, including culture, bipedalism, and brain development.

Apply concepts of evolution to explain biological and behavioral phenomena in both humans and other species.

Recognize various adaptations and their functions in coping with environmental challenges.

Understand the distinction and interplay between growth and security motives as fundamental psychological drives.

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Definitions:

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The study of human society, social relationships, and the structures and processes that organize social life, focusing on understanding patterns of social interaction and cultural phenomena.

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The complex and often disorderly nature of real-life situations, characterized by unpredictability and uncontrollable variables.