Given the Information in the Table Above

question 4

Multiple Choice

Given the information in the table above

• A) neither country has a comparative advantage in cloth.
• B) Home has a comparative advantage in widgets.
• C) Foreign has a comparative advantage in widgets.
• D) Home has a comparative advantage in both cloth and widgets.
• E) neither country has a comparative advantage in widgets.

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Definitions:

Examination

A formal test of a person's knowledge or proficiency in a subject or skill.

Bobo Doll Experiment

A social psychology experiment conducted by Albert Bandura, demonstrating that children can learn aggressive behaviors from observing adults.

Token Reinforcement

A system of behavior modification based on the systematic reinforcement of target behavior, wherein tokens are given as rewards which can be exchanged for desired items or privileges.

Symbolically Represent

To stand for, denote, or signify something through symbols or allegories, allowing for abstract concepts to be conveyed in a understandable manner.