By External Balance, Most Economists Mean

question 28

Multiple Choice

By external balance, most economists mean

• A) avoiding excessive imbalances in international payments.
• B) balance between exports and imports.
• C) balance between the trade and service accounts.
• D) what amounts to fixed exchange rates.
• E) imbalance in internal transactions.

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Definitions:

Strategy Implementation

The action phase of strategic management, involving the execution of planned strategies to achieve organizational objectives.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Institutional Memory

The collective knowledge and history held within an organization, enabling it to learn from past experiences and decisions.

Hidden Cost

Expenses not immediately apparent or obvious when purchasing or investing in something, often becoming clear later on.