When Foreign Output Increases

question 237

Multiple Choice

When foreign output increases,

• A) U.S. exports tend to increase.
• B) U.S. exports tend to decrease.
• C) U.S. exports tend to be unaffected.
• D) Imports to the United States tend to decrease.

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Definitions:

Competitive Strategies

Tactics and plans developed by a business to achieve a competitive advantage in the market and outperform its competitors.

Porter's

Refers to theories and models developed by Michael E. Porter, including his Five Forces framework for industry analysis and competitive strategy.

Cola Drink

A carbonated soft drink flavored with cola nuts and other ingredients.

SWOT Analysis

A strategic planning technique used to help an individual or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.