The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 56

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-The original comparative advantage model that used the relative abundance of factors of production to explain comparative advantage assumed that countries:

• A)employed all four factors of production; land, labor, capital, and entrepreneurship.
• B)employed only two factors of production; labor and capital.
• C)employed only two factors of production; land and entrepreneurial ability.
• D)worked with a fixed capital stock.
• E)were free to vary their employment of only one factor of production; labor.

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Definitions:

Deindividuation Mob

A psychological state characterized by diminished self-consciousness, disinhibition, and conformity to group norms and actions, often in a group or crowd context.

Conformity Compliance

The act of matching attitudes, beliefs, and behaviors to what is perceived as normal within a society or group.

Obedience Factors

Variables or aspects that influence the degree to which individuals comply with orders or directives from authorities.

Cultural Influences

Factors derived from societal norms, values, practices, and beliefs that shape individual behaviors, perceptions, and attitudes.