If All Countries Try to Expand Their Exports and Restrict

question 126

Multiple Choice

If all countries try to expand their exports and restrict their imports through the use of export subsidies and import tariffs,the net effect will probably be

• A)a fall in the volume of trade and an increase in the standard of living in each country.
• B)a fall in the volume of trade and a decline in the average living standards in each country.
• C)an increase in the volume of trade but little change in unemployment levels.
• D)no change in the volume of trade but an increase in the overall unemployment rates.
• E)no change in the volume of trade but less unemployment.

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Definitions:

Coercive Power

The ability of a person to persuade others to comply with demands or directives through threats of punishment or negative consequences.

Institutional Managers

Managers who primarily focus on ensuring that their organizations adhere to established norms, standards, and regulations, contributing to the institution's legitimacy and stability.

Personal Power Managers

Managers who derive their influence from their unique skills, expertise, or personal attributes, rather than from their formal authority within an organization.

Need For Power

A strong desire to influence others, making a significant impact or impression.