One of the largest categories of exports from the United States is now pop culture: movies, music, TV programming, and videos. A direct conclusion from this information is that, compared to other countries, the United States has
A) lower wages for producers of pop culture.
B) a lower opportunity cost of producing pop culture.
C) a higher opportunity cost of producing pop culture.
D) higher wages for producers of pop culture.

Question

Quizplus · Accepted Answer

The fact that pop culture exports are a large category from the United States implies that the country has a lower opportunity cost of producing them compared to other countries. This could be due to factors such as a strong entertainment industry or favorable market conditions for pop culture consumption, resulting in higher production efficiency and profitability. However, this information does not provide any insight into the wages of producers in the pop culture industry.

One of the Largest Categories of Exports from the United