International Business

Which of the following refers to the bandwagon effect? Multiple Choice Dominant enterprises exercise a degree of pricing power, setting different prices in different markets to reflect varying demand conditions. Governments routinely intervene in international trade, creating tariff and nontariff barriers to cross-border trade. The output of goods and services grows at a lesser rate than that of the money supply Traders move like a herd, all in the same direction and at the same time, in response to each other's perceived actions Securities are purchased in one market for immediate resale in another