Which of the Following Is Not an Example of a Country

question 6

Multiple Choice

Which of the following is not an example of a country in which geography had an impact on its foreign policy?

• A)The United States
• B)Great Britain
• C)Switzerland
• D)Germany
• E)Geography has had an impact on all these nations.

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Definitions:

Firm

A business organization that sells goods or services in order to make a profit.

Producer Surplus

The difference between what producers are willing to receive for a good or service and the actual amount they receive, due to the market price being higher.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Unavoidable Costs

Expenses that a company must pay regardless of its level of production or sales activity, also known as fixed costs.