A Nation Realizes External Balance When Its Current Account Is

question 19

True/False

A nation realizes external balance when its current account is in equilibrium.

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Definitions:

Hydromechanically Managed

describes systems or mechanisms that are controlled or regulated through a combination of hydraulic and mechanical means, often for precision and efficiency.

Electronically Managed

Pertains to systems or components controlled or regulated by electronic devices and software, often optimizing performance and efficiency.

Shorepower

Term used to describe the means used to connect a truck/trailer combination to AC mains electrical power to supply hotel load electricity. A shorepower or hotel load grid exists on many U.S. and Canadian interstate routes. It is referred to 110, 230, and 460 V-AC mains feeds.

Hotel Loads

The electrical loads in a vehicle (often in trucking or mobile homes) not related to propulsion, such as lighting, climate control, and appliances.