-Suppose the Production Possibilities for Two Countries,producing Either Food or Clothing,are

question 71

Multiple Choice

-Suppose the production possibilities for two countries,producing either food or clothing,are shown in the above figure.They can each produce any linear combination as well.Assuming that consumers place equal value on both of these goods and that free trade between these two countries is possible,gains from trade

• A) are not possible.
• B) exist because food is more expensive to produce in Canada than in the U.S.
• C) exist because food is more expensive to produce in the U.S. than in Canada.
• D) do not exist because the consumers in each country have set their marginal rate of substitution equal to their country's marginal rate of transformation.

Examine self-serving bias and attribution in group contexts.

Compare the fight-or-flight response to exclusion with the tend-and-befriend response.

Understand the Ultimatum Game and its implications for studying individualism and collectivism.

Grasp the concept of inclusion-exclusion process as a continuum and its significance.

---

Definitions:

Species Richness

The variety of species found in a specific ecological community, landscape, or region.

Productivity

A measure of the efficiency of production, often defined as the output per unit of input.

Abundance

The great or plentiful amount of something in a particular environment, often used in ecology to describe the number of individuals of a particular species within a given area.

Organismic Model

Cooperative view of community, described by Clements, in which a community goes through certain stages of development (succession), like the embryonic stages of an organism, and eventually reaches an adult state (climax community).