If a Country Is a Net Importer of a Good

question 49

Multiple Choice

If a country is a net importer of a good, the price of that good will ________ when the economy goes from closed to open for trade.

• A)increase
• B)stay the same
• C)first increase then decrease
• D)decrease

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Definitions:

Flattening Structures

The process of reducing levels of hierarchy within an organization or system, leading to a more horizontal organizational structure.

Norms Of Solidarity

Guidelines that promote social cohesion and mutual aid among members of a society or group, facilitating cooperation and unity.

Social Category

A classification of people based on shared characteristics, without necessarily implying social interaction among the members of the category.

Organizational Environment

The external and internal factors that influence the operations, culture, and success of an organization.