Which of the Following Is True of the Export Performance

question 65

Multiple Choice

Which of the following is true of the export performance of the United States, Germany, and Japan?

• A)Historically, the United States has made its living as a trading nation.
• B)Germany has been a relatively self-contained continental economy in which international trade played a minor role.
• C)Unlike Japan, U.S. firms have a strong information advantage when they seek export opportunities.
• D)The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany.
• E)The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities.

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Definitions:

Groupthink

A phenomenon where the desire for harmony or conformity in a decision-making group leads to an incorrect or deviant decision-making outcome.

Highly Cohesive

Refers to a group that exhibits strong bonds and unity among its members, often resulting in high levels of solidarity and loyalty.

Little or No Pressure

A situation where there are minimal external forces compelling an individual to act in a particular manner, often leading to a more authentic choice or action.

Causes of Groupthink

Factors leading to a situation in group decision-making processes where the desire for harmony or conformity results in an irrational or dysfunctional decision outcome.