Country a Can Produce 1 Cello by Giving Up the Production

question 335

Multiple Choice

Country A can produce 1 cello by giving up the production of 5 guitars. Country B can produce 1 guitar by giving up the production of 4 cellos. In which good does country A have a comparative advantage?

• A) guitars
• B) cellos
• C) both goods
• D) neither good

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Definitions:

Personality

An individual’s unique constellation of consistent behavioral traits.

Preconscious

According to Freud, material just beneath the surface of awareness that can be easily retrieved.

Collective Unconscious

A concept in psychology proposed by Carl Jung, referring to the part of the unconscious mind which is shared among beings of the same species containing memories and archetypes.

Unconscious

According to Freud, thoughts, memories, and desires that are well below the surface of conscious awareness but that nonetheless exert great influence on one’s behavior.