When a Country Has the Ability to Produce a Good

question 59

Multiple Choice

When a country has the ability to produce a good or service at a lower opportunity cost than others,they:

• A) have an absolute advantage.
• B) have a comparative advantage.
• C) are free-traders.
• D) should remain self-sufficient.

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Definitions:

Fixed-ratio Schedule

This is a schedule of reinforcement where a response is rewarded only after a specified number of responses.

Operant Conditioning

A learning process where behavior is controlled by consequences, including reinforcements and punishments to increase or decrease the behavior's occurrence.

Partial Reinforcement

A conditioning schedule where only a portion of responses are reinforced, leading to slower acquisition of a response but greater resistance to extinction.

Continuous Reinforcement

A schedule of reinforcement where a reward follows every correct response or desired behavior, commonly used in the initial stages of training.