As the Result of Specialization and Trade, According to the Law

question 130

Multiple Choice

As the result of specialization and trade, according to the law of comparative advantage, total output will

• A) decline because specialization is costly.
• B) rise only when there is an accompanying decline in the total output of one's trading partners.
• C) rise if a nation is a net exporter and fall if the nation is a net importer of goods and services.
• D) increase since resources will be better directed toward their highest-valued use.

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Definitions:

Synchronistic Events

Simultaneous occurrences that are meaningfully related, yet not causally connected, often viewed in the context of psychoanalysis and spirituality.

Pathologizing

Pathologizing is the process of viewing or treating behaviors, thoughts, or emotions as indicative of a psychological disorder or illness.

Unconscious Conflicts

Internal struggles in a person's mind that they are not aware of but that influence behaviors and emotions.

Ego

In psychology, particularly in Freudian theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.