According to Constructivists, What Is a Reason Why a Proposed

question 11

Multiple Choice

According to constructivists, what is a reason why a proposed new norm might fail to gain much acceptance at the global level?

• A) Antipreneurs might cut the budgets of organizations likely to support the norm.
• B) States rarely change their interests or understanding of right and wrong.
• C) States usually violate norms when they can gain an advantage over other states.
• D) None of the above.

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Definitions:

Price Higher Than Marginal Cost

A situation where the selling price of a product is set above the marginal cost of production, often leading to increased profitability but potentially distorting market efficiency.

Economic Profit

Economic profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, thereby measuring efficiency beyond accounting profit.

Long Run

In economics, the time period in which all factors of production and costs can be fully adjusted, contrasting with the short run where some costs are fixed.

Marginal Revenue

The additional income received from selling one more unit of a good or service.