In a Two-Good, Two Country World, If One Country Has

question 156

True/False

In a two-good, two country world, if one country has an absolute advantage in the production of both goods, it must also have a comparative advantage in the production of both goods.

---

Definitions:

Subjective Experience

Personal perceptions and feelings that are unique to an individual and not necessarily observable by others.

Fundamental Attribution Error

The tendency for observers to over-emphasize personality traits and under-emphasize situational factors when explaining other peoples' behavior.

Moderator

A variable that affects the strength or direction of the relationship between an independent and a dependent variable in statistical analyses.

Debate Topic

A point of discussion chosen for a structured exchange of arguments and counterarguments between parties with differing views.