Which of the Following Reasons Best Explains Why the United

question 67

Multiple Choice

Which of the following reasons best explains why the United States is a net importer of crude oil and metals and a net exporter of farm crops?

• A)Differences in resource endowments
• B)Economies of scale
• C)Differences in tastes
• D)Import quota
• E)Import tariffs

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Definitions:

Vertical Integration

A business strategy where a company owns or controls its suppliers, distributors, or retail locations to control its supply chain and reduce costs.

Film Industry

The sector of the economy dedicated to the production, distribution, and exhibition of films and movies.

Buddy-Cop Comedy

A film genre which pairs two mismatched law enforcement officers, combining action and humor in their adventures and relationship.

Silent Film Stars

Actors and actresses who gained fame during the era of silent films, before the widespread adoption of synchronized sound in cinema, known for their expressive acting techniques to convey emotion and narrative without dialogue.