An Example of a U.S. Export Would Be

question 143

Multiple Choice

An example of a U.S. export would be:

• A) a French bottle of wine consumed by an American.
• B) an Apple computer purchased by a U.S. college student who plans to study abroad in France.
• C) a bushel of apples that Canadians pick and enjoy on a lovely fall day in Vermont.
• D) an Apple computer, made in the U.S., purchased by a French student.

---

Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing among options.

Inputs

Refers to the resources used in the production of goods and services, including labor, capital, and materials.

Impossible Production

A situation in economic theory where the resources available are not sufficient to produce a desired combination of goods and services.

Technological Advancement

The process of developing new technologies or improving existing ones to enhance productivity or solve problems.