When Both Exports and Imports Are Considered, the Major Advantage

question 4

Multiple Choice

When both exports and imports are considered, the major advantage of international trade is that it allows us to:

• A)sample foreign products that many of us would otherwise never see.
• B)​consume a larger, more diverse quantity of goods and services at lower prices than would otherwise prevail.
• C)​share our technology and efficiency with less-developed countries that would otherwise never have the opportunity to observe modern goods and services.
• D)​maintain jobs for workers who would otherwise have little to do.

---

Definitions:

Environmental Factors

Aspects of the surrounding environment, both natural and built, that can affect living organisms and systems.

Leader Power

The ability of a leader to influence or command thought, opinion, or behavior within an organization or group.

LPC Score

A measure used in Fiedler's Contingency Theory to determine a leader's motivational focus, evaluating the least preferred coworker in either positive or negative terms.

Leadership Orientation

The approach or style adopted by a leader, which can influence group dynamics and outcomes.