Assume Australia Can Use a Given Amount of Its Resources

question 78

Multiple Choice

Assume Australia can use a given amount of its resources to produce either 20 caravans or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 caravans or 10 automobiles.Australia should specialise in:

• A)caravans.
• B)automobiles.
• C)both goods.
• D)neither good.

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Definitions:

Observable Behaviors

Actions or reactions of an individual that can be noticed and measured by others without inferring internal states.

Unconscious Determination

The influence of unconscious factors on thoughts, behaviors, and decisions, highlighting the role of hidden mental processes.

Behavior Consequence

The outcome or result of an action, which can either reinforce the behavior or deter it in the future.

Reinforcement

A psychological principle involving the use of rewards or punishments to increase or decrease the likelihood of a particular behavior.