If the Index of Export Prices for Country X Increases

question 90

Multiple Choice

If the index of export prices for Country X increases from 120 to 150 and the index of import prices increases from 100 to 125,it may be said that

• A)the terms of trade have improved.
• B)the terms of trade have deteriorated.
• C)there has been no change in the terms of trade.
• D)the terms of trade have improved by 10%.
• E)there is insufficient information to calculate the terms of trade.

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Definitions:

Global Mind-Set

An attitude or approach that considers the full spectrum of global and multicultural factors in decision-making and strategizing.

Country Contexts

The unique combination of social, economic, political, and cultural factors that characterize each country and influence business operations and strategies.

Global Leadership Ability

The capability to influence and guide individuals or groups from different countries towards achieving organizational goals.

Expatriate

An individual living and working in a country other than their country of citizenship, often temporarily and for work reasons.