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When considering the Heinz dilemma, Barney says that he would steal the drug because then his wife might bake him a cake to repay him for saving her. This thinking indicates that Barney is most likely in Kohlberg's ____ stage of moral development.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic activity.
Terms of Trade
The ratio at which a country can exchange exports for imports; it reflects the value of a country's exports relative to its imports.
Production Possibilities Curves
A graphical representation that shows the maximum number of goods or services that can be produced with limited resources.
Constant Costs
Costs that do not change with the level of output production, remaining stable over a certain range of production.
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