A Possible Opportunity Cost of NOT Engaging in Free Trade

question 125

Multiple Choice

A possible opportunity cost of NOT engaging in free trade is

• A) a loss of domestic jobs.
• B) a smaller variety of goods and services.
• C) higher prices.
• D) economic growth.
• E) import tariffs.

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Definitions:

Cholesterol

A sterol present in the tissues that contributes to heart disease when elevated; transported in the blood plasma of all animals.

Blood Pressure

The amount of force exerted by the heart on the blood as it pumps the blood through the arteries.

Hyponatremia

A condition where there is an abnormally low sodium concentration in the blood.