Country a Specializes in the Production of Automobiles,and 45 Percent

question 64

Multiple Choice

Country A specializes in the production of automobiles,and 45 percent of its population works in the automobile manufacturing industry.A sharp increase in the world prices of automobiles led to a boom in the automobile manufacturing industry in Country A.However,the automobile manufacturers overestimated the demand for automobiles.This led to overproduction,which resulted in a large stock of unsold cars.Which of the following is likely to happen in the near future?

• A) The unemployment rate in Country A will increase.
• B) Household consumption in Country A will increase.
• C) Investment in Country A will increase.
• D) The supply of credit in Country A will increase.

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Definitions:

Avoid Conflict

The practice or strategy of preventing or minimizing disputes, disagreements, or confrontations.

Positive Thinking

A mental attitude focusing on optimism and constructive outcomes, which can influence one's stress level and overall health.

Conflict Resolution

The process of resolving disputes or conflicts through communication, negotiation, or other means.

One Side

Typically refers to considering or taking into account only one aspect or perspective of a situation or argument, often leading to a biased or incomplete understanding.