The National Occupational Classification (NOC)is Not Considered a Reliable Source

question 48

True/False

The National Occupational Classification (NOC)is not considered a reliable source for information on jobs since it only includes about 4000 different job titles.

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Definitions:

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports, indicating a positive balance of trade.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to the exporting country's GDP.

Imports

Goods and services bought by a country from foreign markets.

Trade Surplus

A situation where a country's exports exceed its imports for a given period, leading to a positive balance of trade.