Over Time, Which of the Following Will Most Likely Result

question 124

Multiple Choice

Over time, which of the following will most likely result from a depreciation in the exchange rate of the dollar?

• A) Inflation will decline.
• B) Foreign goods will cost Americans less, and therefore, the imports of Americans will rise.
• C) U.S. goods exported abroad will cost less in foreign countries, so foreigners will buy more of them.
• D) U.S. goods exported abroad will cost more in foreign countries, so foreigners will buy fewer of them.

Describe the impact of organizational attitudes and values on management training and development.

Recognize the benefits and types of exercises used in personal development programs.

Understand the advantages of using external resources for executive development.

Comprehend the principles behind successful leadership development strategies.

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Definitions:

Competitive Industries

Industries characterized by many firms competing for market share, leading to innovation and efficient resource allocation.

Production Costs

Expenses incurred during the process of creating a good or service, including labor, raw materials, and overhead costs.

Decreasing-Cost Industry

An industry in which expansion through the entry of firms lowers the prices that firms in the industry must pay for resources and therefore decreases their production costs.

Long-Run Supply Curve

As it applies to macroeconomics, a supply curve for which price, but not real output, changes when the demand curves shifts; a vertical supply curve that implies fully flexible prices.