Based on the Recognition That States Differ in Their Resource

question 1

Multiple Choice

Based on the recognition that states differ in their resource endowments of land, labor, and capital, a theory developed arguing that states should trade based on their ________, whereby each state produces and exports those products that it can produce most efficiently relative to other states.

• A) competitive trading bloc
• B) absolute advantage
• C) national interest
• D) floating exchange rates
• E) comparative advantage

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Definitions:

Selective Attention

The process of focusing on a particular object in the environment for a certain period while ignoring irrelevant data that is simultaneously occurring.

Structuralism

An approach in psychology and other social sciences focusing on analyzing the structure of the human mind and its perceptions, rather than its content.

Behaviorism

Behaviorism is a theory of learning based on the idea that all behaviors are acquired through conditioning and that environmental interactions shape behavior, largely ignoring mental states or innateness.

Developmental Psychologists

Professionals who study the growth and development of the human mind and behavior across the lifespan.