A Budget Based on Additions and Subtractions from Last Year's

question 45

Multiple Choice

A budget based on additions and subtractions from last year's budget is

• A)a zero-base budget.
• B)a continuous budget.
• C)an incremental budget.
• D)none of these.

Understand the role and application of international arbitration in resolving disputes in international trade.

Comprehend the principles of risk management in international trade.

Understand the legal and procedural mechanisms for protecting domestic industries from unfair international trade practices such as dumping.

Recognize the significance of international licensing agreements and the key components that should be included in such agreements.

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Definitions:

Steady State

An economic theory or condition where an economy shows no growth but remains stable in its development and consumption of resources over time.

Monolithic Bias

A tendency to view a group or system as uniform and unchanging, ignoring diversity and differences within.

Structural Functionalism

A sociological theory that views society as a complex system whose parts work together to promote solidarity and stability.

Feminist Thinkers

Intellectuals and theorists who contribute to feminist theory, advocating for women's rights and gender equality.