In the Absence of Trade Between a Small Country and the Rest

question 65

Multiple Choice

In the absence of trade between a small country and the rest of the world,product X costs 1/3 as much per-unit as does product Y in the small country.However,in the world market X and Y trade at equal prices.If trade were now made possible between the small country and the rest of the world:

• A)the small country would adjust by importing X.
• B)the small country would adjust by exporting X.
• C)the small country would end up importing both Y and X from the rest of the world.
• D)the rest of the world would not find it advantageous to trade with the small country.

Identify feminist criticisms of traditional ethical theories.

Describe the progression of moral development according to Gilligan and how it contrasts with Kohlberg's model.

Comprehend the importance of relationships and caring in moral decision-making.

Understand the criticisms of Gilligan's theory and its place within the broader context of ethical studies.

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Definitions:

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together.

Linear Relationship

A type of correlation where changes in one variable are directly proportional to changes in another variable, often displayed as a straight line in a graph.

Simple Linear Regression

Regression analysis involving one independent variable and one dependent variable in which the relationship between the variables is approximated by a straight line.

Coefficient Of Determination

A measure, usually represented as R^2, that shows the proportion of the variance in the dependent variable that is predictable from the independent variable(s).