As Relative Prices in Various Industries Change Due to

question 8

Multiple Choice

As relative prices in various industries change due to
Trade, the marginal product of the mobile resources
Used in the expanding industry __________, and the
Marginal product of the mobile resources used in the
Contracting industry __________.

• A)rises; falls
• B)falls; rises
• C)remains the same; remains the same
• D)changes by exactly the same percentage; changes by exactly the same percentage

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Definitions:

Short-Term Memory

A type of temporary memory storage that holds a small amount of information for a short period of time.

Items of Information

Discrete pieces of knowledge or data that can be used in processing, analysis, or communication.

Memory Capacity

The amount of information that can be held in the mind at one time, or stored in long-term memory.

Flashbulb Memory

A highly detailed, exceptionally vivid memory of the moment and circumstances in which a piece of shocking or emotionally arousing news was heard.