The Balance-Of-Payments Includes International Transactions of Households and Businesses, but Not

question 16

True/False

The balance-of-payments includes international transactions of households and businesses, but not government.

---

Definitions:

Deming

Refers to W. Edwards Deming, an American engineer, statistician, professor, author, lecturer, and management consultant known for his work in quality management.

Anticipation

The act of expecting or foreseeing something, often involves preparing for future events or changes.

Prevention

The action of stopping something from happening or arising, especially in terms of health and disease.

Proaction

The approach of taking strategic, anticipatory actions to create or control future developments, rather than merely reacting to events as they happen.