The Increase in Welfare in Both Countries That Results from Specialization

question 131

Multiple Choice

The increase in welfare in both countries that results from specialization and trade is called:

• A)gains from trade.
• B)surplus enhancement.
• C)exportation surplus.
• D)deadweight gain.

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Definitions:

House's Path-Goal Leadership Theory

A theory that emphasizes how leaders can enhance employee satisfaction and performance by clarifying the paths to goals and removing obstacles to achievement.

Subordinates' Suggestions

Recommendations or advice given by lower-ranking employees to their superiors or the organization.

High-Exchange Relationship

A relationship characterized by mutual high levels of trust, support, and investment between parties, often resulting in beneficial outcomes for all involved.

Low-Exchange Relationship

A type of relationship in organizational settings where there is minimal personal connection and reciprocity between parties involved.