Figure 9-14

question 188

Multiple Choice

Figure 9-14.On the diagram below,Q represents the quantity of crude oil and P represents the price of crude oil.
-Refer to Figure 9-14.When the country for which the figure is drawn allows international trade in crude oil,

• A)consumer surplus for domestic crude-oil consumers decreases.
• B)the demand for crude oil by domestic crude-oil consumers decreases.
• C)the losses of the domestic losers outweigh the gains of the domestic winners.
• D)domestic crude-oil producers sell less crude oil.

Comprehend the path-goal leadership theory, including leadership styles and their application.

Grasp the Leader-Member Exchange (LMX) theory, including the concepts of in-group and out-group.

Recognize the significance of leadership substitutes and their impact on leadership necessity.

Know the importance of clear task roles and the involvement of followers in the leadership process.