An Increase in Exports of Goods or Services with No

question 53

Multiple Choice

An increase in exports of goods or services with no change in imports of goods or services

• A) decreases GDP.
• B) increases GDP.
• C) may increase or decrease GDP depending on whether it is the export of goods or the export of services that increased.
• D) has no effect on GDP.

Describe the importance of global leaders being skilled in creating transcultural visions.

Recognize the impact of globalization on the need for cultural understanding in leadership.

Analyze the contributions of GLOBE researchers on cultural dimensions and their impact on cross-cultural communication.

Understand the variability and complexity of the concept of deviance across different sociological perspectives.

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Definitions:

Kinked-Demand Curve

A theory in economics suggesting that a firm's price will be rigid and unlikely to change because competitors will match price decreases but not price increases.

Oligopolistic Firms

Companies that operate in a market structure characterized by a small number of entities dominating the industry, influencing prices and market conditions.

Prices Frequently

A reference to how often prices change in a market, with some markets experiencing more frequent price adjustments than others.

Credible Threats

Statements or signs that a negative action could realistically be taken, used as a strategy in negotiations or competitive situations.