All of the Following Would Limit the Specialization That Accompanies

question 203

Multiple Choice

All of the following would limit the specialization that accompanies international trade,EXCEPT:

• A) increasing domestic labor costs.
• B) increasing transportation costs.
• C) increasing communication costs.
• D) increasing opportunity costs.

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Definitions:

Heuristics

Shortcut strategies or guidelines that suggest a solution to a problem but do not guarantee an answer.

Prototyping

The process of creating an early model or sample of a product to test concepts or feasibility before full-scale production.

Subgoaling

Breaking down a main goal into smaller, more manageable objectives as a means to facilitate achievement.

Cram

The practice of intensely absorbing a large amount of information in a short period of time, often used in the context of studying.