Answer:
A trade deficit.
Explanation:
Given that,
Value of exports = $293 billion
Value of imports = $405 billion
Balance of trade refers to the difference between a country's value of exports and its value of imports for a given time period.
Balance of trade:
= Value of exports - Value of imports
= $293 billion - $405 billion
= -$112 billion
Therefore, this country has a negative trade balance and it is reflected as a trade deficit.
Answer:
instrumentality
Explanation:
It is related to Vroom expectancy motivation theory, which assumes that behaviour result from conscious choices among alternatives, it purpose is to maximize pleasure and to minimize pain. Vroom used the variables Expectancy, Instrumentality and Valence in order to set his theory.
Expectancy: Related to the belief that increased effort means that the performance also increase. For example: if you work harder then you have better results.
Instrumentality: Belief that if a person perform well then he or she would receive a valued outcome. It sets the degree to which a first level outcome has to lead to a second level outcome. For example: If you do a good job, then it has something for you on it.
Valence: Represents the importance that the individual place has upon expected outcome. For it to be positive, the person should prefer attaining the outcome to not attaining it. For example: If what motivates you is money, then you are not going to value offers such as additional time off.
Answer:
Option (b) is correct.
Explanation:
Given that,
Initial price of good A = $50
Initial quantity demanded of good A = 500 units
New price of good A = $70
New quantity demanded of good A = 400 units
Average quantity demanded:
= (New + Initial) ÷ 2
= (400 + 500) ÷ 2
= 450 units
Change in quantity demanded:
= New - Initial
= 400 units - 500 units
= -100 units
Average price level:
= (New + Initial) ÷ 2
= (70 + 50) ÷ 2
= $60
Change in price level:
= New - Initial
= $70 - $50
= $20
Therefore, the price elasticity of demand for good A is as follows:
= 
= 
= 
= -0.67
Total revenue before price increase:
= quantity demanded of good A × price of good A
= 500 units × $50
= $25,000
Total revenue after price increase:
= quantity demanded of good A × price of good A
= 400 units × $70
= $28,000
Therefore, there is an increase in total revenue with increase in the price level.
Key infrastructure challenges to consider when entering a foreign market include:
transportation, communication, and energy
