If the Trade Balance Is Negative,the Current Account Balance Will

question 9

True/False

If the trade balance is negative,the current account balance will be negative.

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Definitions:

Trade Union

An organization of workers designed to facilitate collective bargaining with employers over wages, work conditions, and benefits.

Human Relations

Interactions and relationships between people, especially in the workplace, emphasizing communication and cooperation.

Primary Labour Market

Refers to sectors of the economy offering high-quality, secure jobs with good pay, benefits, and opportunities for advancement.

Secondary Labour Market

A segment of the labor market characterized by low-paying, insecure jobs, and often with limited opportunities for advancement.