In the Current Account,a Deficit in the Trade Balance Is

question 3

True/False

In the current account,a deficit in the trade balance is necessarily offset by a surplus in the service balance.

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Definitions:

Variable Interval

In the context of schedules of reinforcement in behaviorism, refers to a reinforcement schedule where responses are rewarded after a variable amount of time has passed.

Praise

The act of expressing approval or commendation; an important tool in reinforcing positive behavior and achievements.

Recognition

The act of acknowledging or appreciating someone's work, achievements, or qualities.

Managers

Individuals in an organization responsible for directing and overseeing the work of others, making strategic decisions, and ensuring objectives are met.