The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 72

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-We know that industrial countries tend to trade with other industrial countries. This pattern counters the:

• A)preference theory of comparative advantage.
• B)factor abundance theory of comparative advantage.
• C)concept of intraindustry trade.
• D)product life cycle theory of comparative advantage.
• E)human skills theory of comparative advantage.

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Definitions:

Hardy Personality

A set of personality traits that allow a person to remain resilient and stress-resistant in the face of adversity.

Preoccupation

The state of being absorbed in thought; focusing on a particular idea or topic to the exclusion of others.

Dissatisfaction

A feeling of unhappiness or disappointment arising from unmet expectations or needs.

Personality Influences

The impact that an individual's character traits have on their behaviors, reactions, and interactions with others.