If a Country Produces Only Two Goods, Then It Is

question 293

True/False

If a country produces only two goods, then it is not possible to have an absolute advantage in the production of both those goods.

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Definitions:

Social Learning Theory

A theory that suggests people learn new behaviors through observational learning of others and the outcomes of those behaviors.

Sex Characteristics

Sex Characteristics involve the physical differentiation between males and females, which includes primary characteristics such as reproductive organs and secondary characteristics such as the distribution of muscle and fat.

Gender Stereotypes

Preconceived and oversimplified beliefs about the characteristics, attributes, and behaviors of males or females, based on their gender.

Social Learning Theory

A theory that suggests people learn from one another, via observation, imitation, and modeling, emphasizing the importance of cognitive processes in learning.