Mark Recently Graduated with Honours from His College

question 13

Multiple Choice

Mark recently graduated with honours from his college.He has bragged to his friends that his fine academic performance has prepared him so well for a successful career that he can forget school or training in his future.In evaluating the workplace of the future,Mark is:

• A)over confident.Global competition means that flexibility,finding out where jobs are being created,and moving when appropriate are important.
• B)exactly right.His past performance should carry him to success.
• C)completely wrong.Studies show that a college education has little to do with success.
• D)probably right.Specialized training today is a key to continued success in the future.

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Definitions:

Net Exports

The disparity between the total amount a country exports and the total amount it imports.

Interest Rate

The percentage charged on borrowed money, or paid to investors, indicating the cost or profit of borrowing or lending.

Net Capital Outflow

The difference between a nation's total investment in foreign assets and the total foreign investment in its domestic assets over a certain period.

Exchange Rate

The worth of one currency when converted into another, indicating the amount of one currency that can be swapped for another.