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Which of the Following Is True

question 61

Multiple Choice

Which of the following is true?
i.When the world price of a good is lower than the price that balances domestic supply and demand,a country gains from exporting the good.
ii.Compared to a no-trade situation,in a market with imports,consumer surplus is larger.
iii.Quotas raise the domestic price of imported goods.


Definitions:

Role Conflicts

Occurs when an individual experiences incompatible demands from different roles they fulfill, leading to stress or difficulty in performing effectively.

Role Ambiguities

A situation where the functions and responsibilities of a job are unclear to the employee, leading to confusion and potentially decreased job satisfaction.

Role Overloads

The condition in which an individual has more responsibilities and tasks than they are capable of completing within the given time and resources.

Relationship Management

The strategies and processes of maintaining and improving relationships with customers, clients, or partners to support strategic goals and objectives.

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