A Country Should Export Only Those Goods for Which, Relative

question 169

Multiple Choice

A country should export only those goods for which, relative to its trading partners, it has the

• A)absolute advantage
• B)highest opportunity cost
• C)lowest production possibilities
• D)strongest demand
• E)lowest opportunity cost

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Definitions:

Technopoly

describes a society or culture that has become overly dependent on technology, prioritizing technological advancement over moral or ethical considerations.

Ulrich Beck

A German sociologist known for his work on risk society, individualization, and cosmopolitanism.

Environmental Threats

Potentially harmful changes or dangers to the natural environment, including pollution, climate change, deforestation, and biodiversity loss.

Technological Accidents

are unplanned and unwanted events caused by the failure or misuse of technical systems, equipment, or infrastructure, leading to harm, damage, or unintended consequences.