If a Nation Can Produce a Good or Service at the Lowest

question 42

Multiple Choice

If a nation can produce a good or service at the lowest opportunity cost, then it

• A) does not want to export the good because the low cost means it makes only a low profit.
• B) will definitely import the good because it can beat other countries' prices.
• C) is best for the nation to not trade the good internationally.
• D) might export or import the good, depending on whether or not it has a comparative advantage in the production of the good.
• E) can sell the product at a lower price than other nations.

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Definitions:

Conflict Theorists

Sociologists who focus on social, political, or material inequalities of a social group, analyzing the social and political power dynamics that give rise to conflict and change.

Deviance

Behaviors or actions that violate societal norms or expectations, often eliciting negative societal responses.

Formal Response

An official or structured reply or reaction to a stimulus or question, often in written form.

Deviant Subculture

A group that is part of a larger culture but differentiates itself by adopting norms and values contrary to mainstream society.