___________ Refers Specifically to the Balance of Exports and Imports

question 13

Multiple Choice

___________ refers specifically to the balance of exports and imports of goods trade only.

• A)Goods ratio
• B)GDP
• C)Balance of power
• D)Balance of trade
• E)Balance of payments

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Definitions:

Charismatic Authority

Based on belief in the claims of extraordinary individuals to be inspired by God or some higher principle.

Legal-Rational Authority

Is typical of modern societies. It derives from respect for the law. Laws specify how one can achieve office. People generally believe these laws are rational. If someone achieves office by following these laws, people respect their authority.

Legitimately Accomplish

To achieve or complete something in a manner that is lawful, ethical, and recognized as proper and valid.

Legitimate Power

This type of power is derived from a formal position or role within an organization or society, recognized and accepted by others as rightfully held, allowing the person or group to exert influence or control.