An Argument Against Limiting Exports to Unfriendly Countries Is That

question 25

Multiple Choice

An argument against limiting exports to unfriendly countries is that ________.

• A)the costs of the sanctions are borne by innocent people rather than by leaders
• B)markets cannot be regained after the countries become friendly
• C)one country's essential product is superfluous to another
• D)the exporting nation's cultural identity is harmed

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Definitions:

Annual Interest Rate

The percentage of the principal that is paid as a fee over a period of one year for borrowing or saving money.

Capital Income

This term refers to the total amount of money generated from investments, dividends, interest, and any other sources other than labor earnings.

Rent

A regular payment made for the use of land, property, or equipment.

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.