Assume That Honduras Has a Comparative Advantage in Producing Bananas

question 98

Multiple Choice

Assume that Honduras has a comparative advantage in producing bananas and exports bananas to Brazil.We can conclude that

• A)Honduras also has an absolute advantage in producing bananas relative to Brazil.
• B)Honduras has a lower opportunity cost of producing bananas relative to Brazil.
• C)Brazil has an absolute disadvantage in producing bananas relative to Honduras.
• D)Labor costs are higher for banana producers in Brazil than in Honduras.

Explain the significance of the Atkinson-Shiffrin model in understanding how memory works.

Understand the role of iconic and echoic memories in the encoding of sensory information.

Appreciate the variations in working-memory capacity across different age groups.

Identify the benefits of distributed practice over massed practice for long-term retention.

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Definitions:

Preconventional Morality

The first level of Kohlberg's stages of moral development, where moral reasoning is based on external consequences or rewards.

Stealing

The act of taking someone else's property without permission or legal right and with the intent to deprive the rightful owner of it permanently.

Spank

A form of physical discipline involving striking the buttocks, typically with an open hand to correct or control behavior.

Postconventional Level

A stage in Kohlberg's theory of moral development where individuals make moral decisions based on universal ethical principles.