The Table Below Shows Units of Wheat and Cloth Produced

question 56

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1 Refer to Table 20.1.Which of the following assumptions holds true for the example?

• A)The goods are produced by using different factors of production
• B)Labor productivity alone determines the comparative advantage
• C)Each of the countries will produce and export wheat and cloth
• D)Both the countries have identical factor endowments
• E)The taste and preference of the consumers are dissimilar in the two countries

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Definitions:

Amygdala

A structure in the brain that is involved in emotional processing, especially fear and pleasure.

Memory Consolidation

The process by which short-term memories are integrated and stabilized into long-term storage in the brain.

Hippocampus

A major component of the brain of humans and other vertebrates, playing crucial roles in the consolidation of information from short-term memory to long-term memory, and in spatial memory that enables navigation.

Cerebral Cortex

The outer layer of the cerebrum in the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.