If the Dollar Were to Increase Relative to the Currencies

question 154

Short Answer

If the dollar were to increase relative to the currencies of our major trading partners,our trade deficit would tend to _____________.

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Definitions:

Extrinsic Rewards

Extrinsic rewards are benefits provided by an external source, such as money, grades, or praise, which motivate individuals to perform an activity.

Open Innovation

A business model that encourages companies to utilize external as well as internal ideas and paths to market as they look to advance their technology or services.

Organizational Structures

The formal system of task and reporting relationships that controls, coordinates, and motivates employees so that they cooperate and work together to achieve an organization’s goals.

Idea-Generation

The process of creating, developing, and communicating new concepts or solutions.