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Scenario 20

question 11

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Scenario 20.1 Suppose labor productivity differences are the only determinants of comparative advantage,and Brazil and Chile both produce only coffee and sugar.In Chile,either 5 units of coffee or 2 units of sugar can be produced in one day.In Brazil,a day of labor produces either 2 units of coffee or 1 unit of sugar.
-Refer to Scenario 20.1.What is the opportunity cost of producing coffee in Chile?

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Definitions:

Procedural Memory

The type of long-term memory responsible for knowing how to perform different actions and skills, essentially knowledge of procedures rather than facts.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences.

Script

A schema for an event, often containing information about physical features, people, and typical occurrences.

Implicit Memory

Memory that enables people to perform tasks without conscious awareness of these previous experiences.

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