The Comparative Advantage Theory Holds That a Country Will Gain

question 52

True/False

The comparative advantage theory holds that a country will gain from trade even though it can produce all goods more efficiently than other countries.

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Definitions:

Reinforcers

Stimuli that increase the likelihood of a behavior being repeated by providing a consequence that is desirable to the individual.

Human Behavior

encompasses the wide range of behaviors exhibited by humans and is influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and genetics.

Extinction

In behavior psychology, the process where a conditioned response decreases in frequency and eventually disappears when the reinforcement is withdrawn.

Punishment

A consequence given in response to an action or behavior that is deemed unacceptable, with the intent to discourage such behavior in the future.