Which of the Following Is an Example of an Opportunity

question 22

Multiple Choice

Which of the following is an example of an opportunity that arose from the use of a new method of organizing?

• A)using corn to produce ethanol
• B)using the Internet to sell a product
• C)raising chickens without antibiotics
• D)an American bank providing services in Australia
• E)the invention of the heart stent

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Definitions:

Petroleum Imports

These refer to the acquisition of crude oil or refined petroleum products from foreign countries.

Comparative Advantage

An economic principle that posits countries, individuals, or entities gain and benefit from trading if they specialize in producing goods and services for which they have a lower opportunity cost.

Comparative Advantage

The expertise of an individual, a corporation, or a sovereign state to create a commodity or a service that bears a lower opportunity cost than that of competing entities.