A Possible Opportunity Cost of NOT Engaging in Free Trade

question 125

Multiple Choice

A possible opportunity cost of NOT engaging in free trade is

• A) a loss of domestic jobs.
• B) a smaller variety of goods and services.
• C) higher prices.
• D) economic growth.
• E) import tariffs.

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Definitions:

Time Division

The segmentation or allotment of time into distinct periods, often used in scheduling or prioritizing tasks.

Parallelism

Parallelism is the use of components in sentences that are grammatically the same; or similar in their construction, sound, meaning, or meter.

East

A cardinal direction, typically associated with the direction from which the sun rises in most geographical locations.

Midwest

A geographical region in the United States known for its central location and characterized by a mix of urban and rural areas.