According to the Text, Which of the Following Statements Best

question 112

Multiple Choice

According to the text, which of the following statements best describes U.S. factor abundance in 1947?

• A) Taking into account different labor productivities, the U.S. "effective" labor force was much larger than the U.S. share of world GDP.
• B) Taking into account different labor productivities, the U.S. "effective" labor force was much smaller than the U.S. share of world GDP.
• C) Taking into account productivities of capital in different industries, the U.S. "effective" capital stock was much smaller than the U.S. share of world GDP.
• D) Corrected data indicate that the United States was actually was a labor-abundant and capital-poor country in 1947.

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Definitions:

Executive Processes

Cognitive functions that involve planning, decision-making, problem-solving, and controlling attention and behavior.

Working Memory

A cognitive system responsible for temporarily holding and processing information needed for complex tasks such as learning, reasoning, and comprehension.

Short-term Memory

The part of the memory system where information is stored for a short duration, typically seconds to minutes, before it is either forgotten or transferred to long-term memory.

Flashbulb Memory

A highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential (or emotionally arousing) news was heard.