We Know That in Antiquity, China Exported Silk Because No

question 6

Multiple Choice

We know that in antiquity, China exported silk because no one in any other country knew how to produce this product. From this information we know that

• A) China had a comparative advantage in silk.
• B) China had an absolute advantage, but not a comparative advantage in silk.
• C) no comparative advantage could exist because the technology was not diffused.
• D) China exported silk for political reasons even though it had no comparative advantage.
• E) China was unable to profit by exporting silk because it was unknown in the rest of the world.

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Definitions:

Altruism

The selfless concern for the well-being of others, often leading to actions for their benefit without personal gain.

Deindividuation

A psychological state characterized by reduced self-awareness and diminished social identity, leading to uninhibited and impulsive behavior, often in group settings.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to the diffusion of responsibility.

Just-world Phenomenon

The belief that the world is fundamentally fair, leading people to rationalize an unjust situation as deserved by the victim.