Britain's System of Labor Relations Is Particularly Susceptible to Swings

question 118

True/False

Britain's system of labor relations is particularly susceptible to swings in economic conditions that favor either the employer or employees.

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Definitions:

Current Account

A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers.

Imports

Products and services imported into a country from overseas to be sold.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Current Account

A component of a country's balance of payments that measures the trade of goods and services, net earnings on investments, and transfer payments.