In a Small Open Economy, If Domestic Saving Exceeds Domestic

question 18

Multiple Choice

In a small open economy, if domestic saving exceeds domestic investment, then the extra saving will be used to:

• A)make loans to the domestic government.
• B)make loans to foreigners.
• C)repay the national debt.
• D)repay loans to the Bank of Canada.

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Definitions:

Job Evaluation

A systematic process used by organizations to assess the relative value of jobs within the organization in order to establish fair compensation.

Job Specifications

Detailed descriptions of the qualifications, skills, experience, and attributes required to perform a specific job effectively.

Employee Qualifications

The skills, education, experiences, and certifications that individuals possess, qualifying them for particular job roles or tasks.

Reporting Structure

The hierarchy within an organization that defines who reports to whom, outlining the lines of authority and communication.