Incentive to Own and Operate Businesses Is High in Nations

question 25

True/False

Incentive to own and operate businesses is high in nations whose governments are proponents of socialistic practices.

---

Definitions:

Export Goods

products or services that are produced domestically but sold to buyers in other countries.

Acquire Dollars

The process of obtaining U.S. currency, which can involve exchanging foreign money, earning it, or investing.

Living Standards

A measure of the wealth, comfort, material goods, and necessities available to a person, group, or society.

Opportunity Cost

The financial impact of rejecting the subsequent preferable alternative while opting for one choice over another.