When Specialization According to Comparative Advantage Also Makes Economies of Scale

question 22

Multiple Choice

When specialization according to comparative advantage also makes economies of scale possible,

• A)trade is not beneficial to the country that has the absolute advantage in both goods.
• B)the production possibilities boundaries of all trading countries will shift inward.
• C)there will be additional gains from trade.
• D)costs will rise in all trading countries.
• E)it will be beneficial for all trading countries to impose tariffs.

Describe the significance of automatic and effortful processing in memory formation.

Explain the original Atkinson-Shiffrin three-stage model of memory and its revisions.

Understand the role of working memory in integrating new information with existing knowledge.

Learn how memories are formed through parallel processing.

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