According to the Heckscher-Ohlin Model,if Country a Has a Comparative

question 40

True/False

According to the Heckscher-Ohlin model,if country A has a comparative advantage in producing good X,and country B has a comparative advantage in producing good Y,if those countries have similar tastes it is possible for those two countries to reach a higher indifference curve with the introduction of trade.

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Definitions:

Hypnosis

A trance-like state of focused attention and increased suggestibility, often used therapeutically to alter perceptions, behaviors, and sensations.

Wish Fulfillment

is a concept in psychoanalytic theory suggesting that dreams or fantasies are a means for individuals to satisfy unmet desires or needs.

Reflexive Action

An automatic, involuntary reaction to a stimulus, bypassing conscious thought.

Id

In Freud’s structural model, the part of personality concerned with immediate gratification of needs.