Table 3-4 Assume That the Farmer and the Rancher Can Switch Between

question 285

Multiple Choice

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

-Refer to Table 3-4.The farmer should specialize in the production of

• A) meat and the rancher should specialize in the production of potatoes.
• B) potatoes and the rancher should specialize in the production of meat.
• C) both goods and the rancher should specialize in the production of neither good.
• D) neither good and the rancher should specialize in the production of both goods.

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Definitions:

Intelligence

The capacity for learning, understanding, problem-solving, and adapting to new situations.

Genetic

Relating to genes or heredity, the biological process by which parents pass certain traits to their offspring through their chromosomes.

Short-Term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period.

Information Processing

The view in which cognitive processes are compared to the functions of computers. The theory deals with the input, storage, retrieval, manipulation, and output of information. The focus is on the development of children’s strategies for solving problems—their “mental programs.”