Which of the Following Factors Is Taken into Consideration by David

question 75

Multiple Choice

Which of the following factors is taken into consideration by David Ricardo's theory of comparative advantage in order to explain the pattern of international trade?

• A)Absolute advantage of a country with reference to natural resources
• B)The proportions in which the factors of production are available
• C)International differences in labor productivity
• D)The ability of firms to cope with late-mover disadvantages
• E)The ability of firms to capture first-mover advantages

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Definitions:

Sympathetic

Pertaining to the part of the autonomic nervous system that typically prepares the body for action in stressful situations, activating the fight-or-flight response.

Id

In psychoanalytic theory, the part of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Primitive Instinctive

Primitive instinctive behavior refers to basic, innate responses or actions that are not learned but are present from birth, aimed at survival and reproduction.

Five-Factor Model

A theory identifying five main personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, as the basic structure of personality.