In a Country with One Export and One Import,how Would

question 164

Multiple Choice

In a country with one export and one import,how would the terms of trade be defined?

• A) P_export × P_import
• B) P_export/P_import
• C) P_import + P_export
• D) There is not enough information to determine the terms of trade.

---

Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention; in classical conditioning, it becomes associated with an unconditioned stimulus.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, emphasizing the effects of consequences on behavior.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Conditioned Response

A learned reaction to a previously neutral stimulus, obtained through repeated association with an unconditioned stimulus.