Americans Have Historically Asserted That Our Foreign Policies Should

question 27

Multiple Choice

Americans have historically asserted that our foreign policies should

• A)focus on the interests of the United States at the expense of all other nations.
• B)focus on the interests of other nations at the expense of our own personal interests.
• C)have a higher purpose than the pursuit of our own interests and use force only as A last resort.
• D)focus on working with the United Nations to promote democracy around the world.

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Definitions:

Negative Externalities

Costs suffered by a third party as a result of an economic transaction that they were not directly involved in.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, typically resulting from increased production where the cost per unit of output drops as scale increases.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all and one person's use does not diminish another's.

Marginal Social Cost

The total cost to society of producing one additional unit of a good, including both the private costs and any external costs.