The figure shows the market for helicopters in the United States, where D is the domestic demand curve and S is the domestic supply curve. The United States trades helicopters with the rest of the world at a price of $36 million per helicopter.
-In the figure above, the United States ________ helicopters per year.
Definitions:
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" effect.
Proactive Interference
The effect wherein earlier memories hinder the ability to remember more recent memories.
Retroactive Interference
A memory disruption phenomenon where new information interferes with the ability to recall old information.
Memorization
The process of committing something to memory or learning it by heart.
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