The Figure Below Shows the Demand (D) and Supply (S)

question 29

True/False

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-When production does not proceed on the basis of comparative advantage, resources are expended on their most efficient uses.

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Definitions:

Responding Verbally

Involves the use of spoken words or language to express or convey a reaction or answer to a stimulus.

Mnemonic Method

A technique used to improve memory by associating new information with known patterns, images, phrases, or ideas.

Visualizing

The process of forming mental visual images.

Repeating

The act of saying or doing something again, often to practice, reinforce learning, or ensure comprehension.