Consider the Wealth Effect,interest Rate Effect,and International Trade Effect

question 112

Multiple Choice

Consider the wealth effect,interest rate effect,and international trade effect.Of these,the ________ effect is the most significant and the ________ effect is the least significant.

• A) wealth; international trade
• B) wealth; interest rate
• C) interest rate; wealth
• D) interest rate; international trade
• E) international trade; wealth

---

Definitions:

Smoothing

In conflict resolution, smoothing refers to an approach that emphasizes agreement and minimizes disagreement to reach a harmonious outcome.

Superordinate Goals

Goals that are shared and require cooperative efforts from individuals or groups that might otherwise have individual or conflicting objectives.

Compromise

An agreement or a settlement of a dispute that is reached by each side making concessions.

Negotiating

The process of discussing and reaching a mutual agreement between parties with differing needs or opinions.