Which of the Following Reasons Best Explains Why the United

question 67

Multiple Choice

Which of the following reasons best explains why the United States is a net importer of crude oil and metals and a net exporter of farm crops?

• A)Differences in resource endowments
• B)Economies of scale
• C)Differences in tastes
• D)Import quota
• E)Import tariffs

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Definitions:

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Genetic Epistemology

A theory proposed by Jean Piaget that combines the study of genetics with the understanding of knowledge acquisition, focusing on how humans come to understand and know the world.

Discontinuous Process

Developmental changes that occur in distinct stages, each of which is qualitatively different from the others.

Adolescence

The transitional stage from childhood to adulthood that encompasses physical, psychological, and social changes.