Which of the Following Best Explains Why Export Growth Has

question 67

Multiple Choice

Which of the following best explains why export growth has outpaced the growth of domestic production during the last few decades?

• A) Both world exports and domestic production have grown significantly over the past 30 years.
• B) The cost to import products is generally higher than the cost to produce domestic products.
• C) Growth in gross domestic product in most countries has steadily increased since 1970.
• D) Advanced economies now source many of their consumable products from low-cost manufacturing nations.

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Definitions:

Hersey and Blanchard

refer to the creators of the Situational Leadership Model, which suggests that effective leadership depends on the maturity of followers and the complexity of tasks.

Delegating

The act of assigning responsibilities or tasks to someone else, typically one's subordinate, while retaining overall accountability.

Decision Support System Technology

Decision support system technology comprises computer-based tools and applications designed to assist in making informed decisions by analyzing large amounts of data and presenting actionable information.

Vroom-Jago

A decision-making model that helps leaders choose the best course of action by considering the importance of the decision and the involvement of team members.