The World's Largest Consumer of Tobacco Is ________

question 47

Multiple Choice

The world's largest consumer of tobacco is ________.

• A)United States
• B)Russia
• C)China
• D)India

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Definitions:

Sweatshop Labor Fallacy

A misconception that all factory work in developing countries is exploitative and harmful, ignoring the complexity and variation of labor conditions.

Heckscher-Ohlin Theory

An economic theory that suggests countries export what they can most efficiently and abundantly produce, based on factors of production like land, labor, and capital.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Comparative Advantage

The skill of an entity, whether a person, corporation, or country, to create a product or service with smaller opportunity costs than its competition.