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OverLord2011 [107]
4 years ago
14

Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad

e will _____ because the fall in demand for imports will cause the price of its exports to _____ relative to the price that it has to pay for its imports.
Business
1 answer:
eimsori [14]4 years ago
4 0

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

Terms of Trade measures the efficiency of a country's trade. It is a ratio which compares the exports of a country with its imports. It is <em>calculated by dividing the export value by the import value, and by multiplying the result by one hundred (100)</em>. A terms of trade figure higher than 100, means a country exporting goods at a higher value than its imports.

<em>Given the case that there is no willingness to trade in an economy after a growth, the most possible scenario to take place is that the trade terms will </em>improve <em>as a result of the decrease in the demand of imports and assuming the level of exports keeps at the constant level that allowed the economic growth or if it even </em>rises<em>.</em>

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Explanation:

a.

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b. The need for training includes the following

1. To improve productivity on the part of both the employees and the organization

2.Training helps in solving operational problems such as reduction in the accident in the workplace, Labour turnover, absenteeism, and grievances rate in the workplace.

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5. Monitor feedback during the course of training

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