If the World Price of a Good Is Greater Than

question 102

True/False

If the world price of a good is greater than the domestic price in a country that can engage in international trade, then that country becomes an importer of that good.

---

Definitions:

Positive Reinforcement

A strategy in management and training where positive behavior is encouraged and rewarded, increasing the likelihood of its recurrence.

Behavior Modification

An effective way to improve human performance, established in the 1950s and used in a wide variety of business, government, and nonprofit organizations. Elements include goal setting, feedback on performance, and positive reinforcement.

Discipline

The practice of training oneself to obey rules or a code of behavior, using punishment to correct disobedience.

Discipline Problems

Issues related to maintaining order and adherence to rules within an organization, often requiring corrective action.