Factor Endowment Is _____

question 23

Multiple Choice

Factor endowment is _____.

• A) the amount of change that patterns of trade undergo over time 
• B) the degree to which the government allows free trade to exist in its international trade 
• C) the extent to which different countries possess various factors of production 
• D) the cost of pursuing one activity at the expense of another given alternative activity

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Definitions:

Blind Spot

The point at which the optic nerve leaves the eye, creating a “blind” spot because no receptor cells are located there.

Accommodation of the lens

The method in which the lens of the eye adjusts its shape to concentrate on objects at various distances onto the retina.

Dilation of the Pupils

The expansion of the pupils in response to low light conditions or certain emotional states.

Ganglion Cells

Type of neurons located in the retina that receive visual information from photoreceptors via intermediate bipolar cells and transmit it to the brain.