Which Factor Contributes to Determining Whether or Not Economic Conflict

question 54

Multiple Choice

Which factor contributes to determining whether or not economic conflict leads to violence?

• A)It is rarely an issue as most economic powers do not have strong military forces.
• B)Violent conflict would diminish the profit of economic transactions by more than could be gained by such conflict.
• C)Privateering has been outlawed by the World Court,which has eliminated most conflicts.
• D)The naval strength of the states in conflict deters economic conflict.

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Definitions:

Productivity

The measure of outputs according to the inputs needed to produce them; a way to determine the efficiency of a business.

Production

Production refers to the processes and methods used to transform tangible inputs (raw materials, semi-finished goods) and intangible inputs (ideas, information) into goods or services.

Quality Control

The process of inspecting products or services to ensure they meet the required standards of quality before being offered to consumers.

Finished Product

A finished product is a fully manufactured item ready for sale or use, having gone through all stages of production.