The Current Account Balance Shows the Flow of Income into and Out

question 84

True/False

The current account balance shows the flow of income into and out of the United States during a specified time period.

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Definitions:

Host-Country Nationals

Employees who are citizens of the country in which a foreign subsidiary is located but are working for a multinational company.

Fair Labor Standards Act

An act that set rules for the employment of workers, including minimum wage levels, hours of work, and conditions for overtime.

Labor Management Relations Act

The Labor Management Relations Act (or Taft-Hartley Act) (1947) was a response to public outcries against a wide variety of strikes in the years after World War II; its basic purpose was to curtail and limit union practices.

Occupational Safety and Health Act

A law enacted to ensure that employers provide employees with an environment free from recognized hazards, such as exposure to toxic chemicals, excessive noise levels, mechanical dangers, heat or cold stress, or unsanitary conditions.