Developing Countries That Emphasize Production in Raw Materials and Agricultural

question 77

Multiple Choice

Developing countries that emphasize production in raw materials and agricultural goods may realize a long-run decline in their international terms of trade as the result of

• A) an inelastic demand for these products in advanced countries.
• B) a sizable decrease in the amount of these products supplied to the world market.
• C) an increased demand for these products in advanced countries.
• D) an elastic demand for these products in advanced countries.

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Definitions:

McGregor

Refers to Douglas McGregor, a social psychologist who proposed Theory X and Theory Y describing two contrasting models of workforce motivation and management.

Effective Work Team

A group of individuals who collaboratively work towards a common goal, maximizing strengths and compensating for weaknesses through concerted effort and coordination.

Free Expression

The right or ability to express one's thoughts and opinions without censorship, restraint, or legal penalty.

Management Style

The approach and techniques managers use to motivate, supervise, and guide employees towards achieving objectives.