The Theory of Resource Endowment

question 56

Multiple Choice

The theory of resource endowment:

• A)explains why France sends us cosmetics,wine,and clothing.
• B)states that a nation will trade goods that can be produced with the production factor that is most abundant.
• C)explains why an automobile can be made either by hand or by a capital-intensive process.
• D)explains why transportation costs may be ignored when calculating the costs of imports.
• E)states that a nation will trade goods that can be produced with the production factor that is most scarce.

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Definitions:

V-Ref

Reference voltage. ECU or ECM conditioned voltage (usually 5 volts DC) supplied to various sensors (such as thermistors, potentiometers) in truck electronic circuits. In most cases, a portion of the voltage is returned to indicate the status of sensor.

Potentiometer

A three-terminal voltage divider. The terminals are identified as supply voltage, signal voltage, and ground. The position of the slider on the device resistive track determines how supply voltage is divided between the signal and ground paths.

Throttle Position Sensor

A sensor used to monitor the position of the throttle in an internal combustion engine, sending data to the engine control unit to optimize engine performance.