Laws Are Rules or Required Actions That Are

question 13

Multiple Choice

Laws are rules or required actions that are

• A)written by the people to control the actions of criminals.
• B)moral decisions about how the population should live.
• C)ethical considerations of the cultural beliefs of the population.
• D)prescribed by an authority and have a binding legal force.

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Definitions:

Petroleum Imports

These refer to the acquisition of crude oil or refined petroleum products from foreign countries.

Comparative Advantage

An economic principle that posits countries, individuals, or entities gain and benefit from trading if they specialize in producing goods and services for which they have a lower opportunity cost.

Comparative Advantage

The expertise of an individual, a corporation, or a sovereign state to create a commodity or a service that bears a lower opportunity cost than that of competing entities.