Assume That by Devoting All Its Resources to the Production

question 329

True/False

Assume that by devoting all its resources to the production of X, nation Alpha can produce 20 units of X. By devoting all its resources to Y, Alpha can produce 30Y. Comparable figures for nation Beta are 60X and 40Y. There is no basis for trade between Alpha and Beta, because Beta has an absolute advantage in the production of both goods.

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Definitions:

Disgust Sensitivity

The degree to which an individual is susceptible to feeling disgust in response to various stimuli.

Specific Phobia

An intense, irrational fear of or aversion to a specific object or situation that poses little to no actual danger, yet causes avoidance behavior and significant distress.

Females

The sex of an organism, or a part of an organism, which produces non-mobile ova (egg cells) and can typically bear offspring or produce milk for the young.

Neutralizing

In psychology, a coping mechanism where individuals attempt to counterbalance or cancel out thoughts or feelings perceived as unacceptable or harmful.