Globalization and Trade

question 55

Multiple Choice

Globalization and trade:

• A)Can be seen as a source of productivity enhancing technological progress
• B)Shifts both the short-run and long-run aggregate supply curves to the right
• C)Provide an opportunity to reduce inflation permanently
• D)All of the answers provided are correct

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Definitions:

Detected Stimuli

Sensory input from the environment that is recognized and processed by the nervous system.

Signal-Detection Theory

The theory that perceiving or not perceiving a stimulus is actually a judgment about whether a momentary sensory experience is due to background noise alone or to the background noise plus a signal.

Classical Psychophysical

Relates to the traditional study of the relationships between physical stimuli and the sensations and perceptions they produce.

Sensitivity

The capacity to perceive, feel, or be aware of stimuli or changes in the environment; can also refer to the degree of responsiveness to social or emotional matters.