In Determining Comparative Advantage, Cost Is Measured in Terms of

question 13

Multiple Choice

In determining comparative advantage, cost is measured in terms of

• A)foreign currency
• B)domestic currency
• C)gold only
• D)units of weight and measure
• E)opportunities forgone

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Definitions:

Reminders

Alerts, prompts, or cues used to recall or recognize information, tasks, or responsibilities that might otherwise be forgotten.

Treats

Small rewards or gifts given to someone or oneself, usually as a form of positive reinforcement or celebration.

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses, offering predictable reinforcement patterns.

Variable Ratio Schedule

A reinforcement strategy in behaviorism where a response is reinforced after an unpredictable number of responses, making it very powerful in maintaining behavior.