Given That Countries a and B Each Specialize in the Production

question 27

Multiple Choice

Given that countries A and B each specialize in the production of one good and voluntarily
Trade it for the other country's good, then

• A)only country A experiences positive gains from trade.
• B)only country B experiences positive gains from trade.
• C)both countries experience positive gains from trade.
• D)both countries experience negative gains from trade.

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Definitions:

Transactional Leadership

A leadership style focused on routine transactions, including reward and punishment, to motivate employees towards achieving established goals.

Achievement-oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and showing confidence in the abilities of team members.

Directive Leadership

A management style where leaders closely control employees' work, give specific directions, and expect followers to comply without question.

Supportive Leadership

A leadership style characterized by providing encouragement, resources, and assistance to subordinates, fostering a positive and motivating work environment.