Which of the Following Would Be an Example of the Costs

question 106

Multiple Choice

Which of the following would be an example of the costs associated with neoliberal expansion in the developing world?

• A) rising costs for housing
• B) massive environmental destruction
• C) rising consumer expectations by the population
• D) costs associated with infrastructure development

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Definitions:

Autarky

An economic system where a region or country is self-sufficient and has no trade with the outside world.

Specialization

The situation in which each person specializes in the task that he or she is good at performing.

Absolute Advantage

The ability of an individual or economy to produce a good or service more efficiently than competitors using the same amount of resources.

Cars

Motor vehicles with four wheels designed primarily for passenger transportation and commonly powered by internal combustion engines.