Liberals Emphasize the Connection Between Economics and War by Asserting

question 15

Multiple Choice

Liberals emphasize the connection between economics and war by asserting that

• A) individual capitalists will eventually conflict.
• B) free trade reduces the likelihood of war.
• C) the probability of conflict increases with the rise of global capitalism.
• D) global capitalism highlights the economic differences between states.

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Definitions:

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various prices within a given period.

Competitive Industry

A market in which multiple firms compete against each other to sell their goods or services to consumers.

Long-Run

A period in economics during which all factors of production and costs are variable, allowing full adjustment to change.

Indifference Principle

A concept in economics that suggests a consumer has no preference between two bundles of goods because both provide the same level of utility or satisfaction.