Which of the Following Would Be the Most Likely Effect

question 21

Multiple Choice

Which of the following would be the most likely effect of an increase in the world price of oil that would create a sectoral shift?

• A)There would be a decrease in unemployment, and the decrease would be greater in a country with unemployment insurance than in one without.
• B)There would be a decrease in unemployment, but the decrease would be smaller in a country with unemployment insurance than in one without.
• C)There would be an increase in unemployment, and the increase would be greater in a country with unemployment insurance than in one without.
• D)There would be an increase in unemployment, but the increase would be smaller in a country with unemployment insurance than in one without.

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Definitions:

Leader-Member Exchange Theory

A theory that explores how leader-member relationships develop over time into a system of in-group and out-group members, influencing organizational dynamics and individual outcomes.

Subordinates

Individuals who are ranked lower in terms of authority or position within an organizational hierarchy, often reporting to supervisors or managers.

Transformational Leadership

Is a style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Charismatic

Possessing a special magnetic charm or appeal that inspires devotion or enthusiasm in others.