Variables That Affect Foreign Policy Choices Include

question 42

Multiple Choice

Variables that affect foreign policy choices include:

• A) geostrategic location.
• B) military might.
• C) economic prowess.
• D) system of government.
• E) All of the above are true.

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Definitions:

Consumer Sovereignty

The theory that consumer preferences and choices dictate the production of goods and services in an economy.

Resource Costs

The expenses incurred in acquiring the natural, human, and capital resources needed to produce goods or services.

Private Producer

An individual or company that produces goods or services in a market economy without direct government intervention.

Market Economy

An economic system where prices and production are determined by unrestricted competition between privately owned businesses.