Table 3-26 Assume That Japan and Korea Can Switch Between Producing Cars

question 61

Multiple Choice

Table 3-26
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
​
-Refer to Table 3-26. Without trade, Japan produced and consumed 50 cars and 6 airplanes and Korea produced and consumed 27 cars and 7 airplanes. Then, each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 28 cars for 8 airplanes. As a result, Japan gained

• A)0 cars and 2 airplanes and Korea gained 1 car and 1 airplane.
• B)2 cars and 2 airplanes and Korea gained 1 car and 1 airplane.
• C)28 cars and 8 airplanes and Korea gained 28 cars and 8 airplanes.
• D)52 cars and 8 airplanes and Korea gained 28 cars and 8 airplanes.

---

Definitions:

Memory Trace Decay

The theory that memory fades and disappears over time if not used, because the neural trace in the brain decays.

Sensory Memory

Sensory Memory is the shortest-term element of memory, an ability to retain impressions of sensory information after the original stimuli have ended, serving as a buffer for stimuli received through the senses.

Long-Term Memory

The phase or type of memory responsible for the storage of information over an extended period.

Cerebellum

An area of the brain at the back of the skull in vertebrates, responsible for coordinating and regulating muscular activity.