If the Ratio of Price of Cloth (PC)divided by the Price

question 32

Multiple Choice

If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace,then

• A)the terms of trade of cloth exporters will improve.
• B)the terms of trade of all countries will improve.
• C)all countries would be better off.
• D)the terms of trade of food exporters will improve.
• E)the terms of trade of cloth exporters will worsen.

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Definitions:

Ethically Responsible

Involves making decisions and taking actions that are morally sound and reflect a high standard of integrity.

Ethics

A set of moral principles or values that guide an individual's or group's behavior and decision-making.

Organizational Culture

The collective values, beliefs, and principles of organizational members that shape their interactions and behavior in the workplace.

Moral Leadership

A situation in which the leader takes a moral stance on an issue, and convinces others to do the same.