We Benefit from Trade If We Are Able to Obtain

question 71

Multiple Choice

We benefit from trade if we are able to obtain a good from a foreign country:

• A)that has a very low domestic demand.
• B)the production of which requires a steady supply of unskilled labor.
• C)by giving up less of other goods than we would have to give up to obtain the good at home.
• D)by giving up more of other goods than we would have to give up to obtain the good at home.
• E)that has a substantial number of substitutes in the domestic market.

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Definitions:

Unconscious Conflicts

Internal struggles in a person's mind that they are not aware of but that influence behaviors and emotions.

Ego

In psychology, particularly in Freudian theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Self

The individual’s conception of themselves, shaped by personal experiences, thoughts, and interactions with the environment.

Collective Unconscious

A concept in psychology referring to the part of the unconscious mind containing memories and impulses shared among humankind.