If a Country Begins to Import More of a Commodity

question 19

Multiple Choice

If a country begins to import more of a commodity, one can normally expect the price of the commodity to

• A)remain unchanged in that nation.
• B)rise and then fall below where it was originally.
• C)rise in that nation.
• D)drop in that nation.

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Definitions:

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working conditions.

Labour Relations Board

A governmental body responsible for overseeing and enforcing labor and employment laws, specifically relating to collective bargaining and union rights.

Collective Bargaining

The process of negotiation between employees, usually through their unions, and employers on terms of employment, such as wages and working conditions.

Organization Test

A test for employment based upon an examination of the services in relation to the business itself.