Stopping or Refusing to Trade with Another Nation for Political

question 39

Multiple Choice

Stopping or refusing to trade with another nation for political reasons is called:

• A) activism.
• B) boycotting.
• C) confiscation.
• D) democratization.
• E) expropriation.

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Definitions:

Productive Resources

Inputs used in the production of goods and services, including labor, capital, and natural resources.

Want

An unfulfilled desire or need that individuals or societies aim to satisfy through the acquisition of goods or services.

Marginal Analysis

The comparison of marginal (“extra” or “additional”) benefits and marginal costs, usually for decision making.

Marginal Benefits

The uplift in utility or enjoyment gained through consuming or producing an added unit of a good or service.