________ Shocks Are Unexpected Changes in the Demand for Goods

question 20

Multiple Choice

________ shocks are unexpected changes in the demand for goods and services While, _________ shocks are unexpected changes in the supply of goods and services.

• A) supply; demand.
• B) investment; savings.
• C) internal; external.
• D) demand; supply.

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Definitions:

Exporting

The act of selling products or services produced in one country to buyers in other countries.

Global Sourcing

The practice of sourcing goods and services from the global market across geopolitical boundaries, aiming to exploit global efficiencies in the delivery of a product or service.

Intellectual Property Rights

Legal rights granted to individuals or organizations over their creations, ideas, designs, and inventions, allowing them to control and profit from their use.

Foreign Exchange

The process of converting one currency into another currency, an essential aspect of global commerce and finance.