Which of the Following Reasons Best Explains U

question 148

Multiple Choice

Which of the following reasons best explains U.S. imports of crude oil from Saudi Arabia and diamonds from South Africa?

• A) differences in resource endowments
• B) economies of scale
• C) differences in tastes
• D) import tariffs
• E) import quotas

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Definitions:

Learning Perspective

View of human development that holds that changes in behavior result from experience or from adaptation to the environment.

Environment

The surrounding conditions, influences, and forces that affect the existence and development of an organism or community.

Unconscious Fantasies

Mental processes and imagined scenarios that are not readily available to conscious awareness, often influencing behavior and emotions subtly.

Punishment

The imposition of a penalty in response to an undesirable behavior, with the intention to reduce or eliminate that behavior.