Given Two Economic Systems, a and B, If Economy a Has

question 126

Multiple Choice

Given two economic systems, A and B, if economy A has a absolute advantage in the production of widgets, then

• A)fewer inputs are necessary to produce widgets in economy A than in economy B.
• B)economy A must give up less of all other goods to produce widgets than economy B.
• C)economy A is less efficient in the production of widgets than economy B.
• D)economy A would not benefit from the specialization of production.

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Definitions:

Hypnotic Therapy

A treatment in which the patient undergoes hypnosis and is then guided to recall forgotten events or perform other therapeutic activities. Also known as hypnotherapy.

State-Dependent Learning

The phenomenon whereby information learned in a particular state of mind is more easily recalled when in that same state.

Social Learning Theory

A theory of learning and social behavior that posits that people learn from one another, via observation, imitation, and modeling.

Active-Avoidance Learning

A process in which an individual learns to avoid a negative outcome by performing a specific behavior.