Which of the Following Is Likely to Increase the Exports

question 238

Multiple Choice

Which of the following is likely to increase the exports of a country?

• A) an increase in income in the domestic country
• B) a decrease in income in the domestic country
• C) a decrease in income in foreign countries
• D) an increase in income in foreign countries

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Definitions:

Currency Exchange

The process by which one currency is converted into another, enabling international trade and investment.

Nationalizations

The process by which governments take private assets into public ownership, typically key industries or resources.

Polycentric

An approach in international business where a company gives autonomy to each host country operation to tailor strategies and practices to local conditions.

Geocentric

An approach or viewpoint that considers the earth as the center, often used in the context of international business to describe a strategy that views the world as a potential market with no inherent borders.