If the Ratio of Price of Cloth (PC) Divided by the Price

question 45

Multiple Choice

If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then

• A) the country would import more cloth.
• B) the food exporter will increase the quantity of food exported.
• C) the cloth exporter will increase the quantity of cloth produced.
• D) the cloth exporter will increase the quantity of cloth exported.
• E) the cloth exporter will decrease the quantity of cloth exported.

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Definitions:

Differentiated Self

Differentiated self is a concept in psychology that describes the process of defining oneself as separate from others, with independent thoughts, feelings, and actions.

Self-Esteem

The degree to which a person holds themselves in esteem or regard, often influencing psychological health.

Possible Self

An individual's conception of themselves in the future, including hopes, fears, and goals, influencing motivation and behavior.

Social Control

Mechanisms, processes, and institutions aimed at regulating individual and group behavior in an effort to maintain societal norms and values.