Assuming That Resources Are Specialized, the Opportunity Cost of an Item

question 140

Multiple Choice

Assuming that resources are specialized, the opportunity cost of an item increases as the production of it rises.This implies that firms will produce more as

• A)the price increases.
• B)the price decreases.
• C)the opportunity cost is greater than the price.
• D)government asks firms to produce more.
• E)the income of buyers increases.

Recognize the impact of regional, ethnic, and class dynamics on politics.

Comprehend the ways in which military power and conflict influence democratic nations.

Analyze the relationship between citizens' perspectives and the actions of their government.

Assess the role of international organizations and nations in promoting democracy globally.

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Definitions:

Culturally Diverse

Individuals (e.g., providers or clients) who come from culturally different, diverse, or distinct backgrounds. Used synonymously with cross-cultural.

Place of Birth

The geographical location where a person was born.

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, or beliefs, defining their social identity.

Cultural Factors

Elements of a culture that influence the thoughts, behaviors, and practices of its members, including norms, values, and beliefs.