Use the Following to Answer Questions

question 35

Multiple Choice

Use the following to answer questions :
Figure 18-4
-Assume that there is free trade and negligible transportation costs between Country A and Country B.Which of the following is false in reference to Figure 18-4?

• A)Country A exports oil.
• B)Country B is relatively inefficient in the production of oil.
• C)Country B imports oil.
• D)Country B consumes more oil than it would in equilibrium without trade.
• E)All of the above are true.

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Definitions:

Compliance

Acting in accordance with the direct requests of other people.

Obedience

Behaving in accordance with the rules and commands of those in authority.

Halo Effect

A cognitive bias where the perception of a particular trait is influenced by the perception of former traits in a sequence of interpretations.

Reciprocal Liking

The phenomena where people tend to like others who like them in return.