Exhibit 21-3  Potatoes and Wheat Output (Tons Per Day) If

question 221

Multiple Choice

Exhibit 21-3  Potatoes and wheat output (tons per day) If each nation in Exhibit 21-3 specializes in producing the good for which it has a comparative advantage, then:

• A) Ireland would produce neither potatoes or wheat.
• B) the United States would produce both potatoes and wheat.
• C) the United States would produce potatoes.
• D) Ireland would produce potatoes.

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Definitions:

Iconic Memory

A momentary sensory memory of visual stimuli; a photographic or picture-image memory lasting no more than a few tenths of a second.

Encoding

The process of converting information into a form that can be stored in memory.

Persistence

The quality of continuing steadfastly or firmly in a course of action in spite of difficulty or lack of success.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences through study, experience, or teaching.