Computer Game Cartridges Produced in EconomyLand Sell for $50 Each

question 180

Multiple Choice

Computer game cartridges produced in EconomyLand sell for $50 each. The same cartridges made in MarketLand sell for $100 each. If free trade were allowed, we would expect the prices in both countries to

• A) move to the lower price of $50.
• B) move to the higher price of $100.
• C) converge to somewhere between $50 and $100.
• D) remain unchanged.

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Definitions:

Right from wrong

The moral ability or capacity to distinguish ethical actions from unethical ones.

Self-efficacy

An individual's belief in their own ability to complete tasks and achieve goals.

Cognitive appraisal

The process of interpreting and evaluating an event or situation that leads to an emotional response.

Relaxation

A state of reduced tension, stress, and mental and physical calm.