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-If the Economy in the Diagram Above Is Open to Trade

question 13

Multiple Choice

  -If the economy in the diagram above is open to trade and the world price of oil is $30 per barrel,then this economy will ________ million barrels of oil. A)  export 6 B)  export 8 C)  export 10 D)  import 10 E)  import 6
-If the economy in the diagram above is open to trade and the world price of oil is $30 per barrel,then this economy will ________ million barrels of oil.


Definitions:

Interactional Fairness

The perceived fairness of the interpersonal treatment people receive as decisions are made, including respect, dignity, and sensitivity.

Discrepancy Theory

A concept suggesting that dissatisfaction arises when there is a gap between one's desires and reality, influencing motivation and emotion.

Cognitive Demands

Refers to the mental effort required to perform a task, including problem-solving, decision-making, and processing information.

Emotional Labour

Managing one's emotions and how they are expressed in order to satisfy the emotional needs of a specific job.

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