Imports Are a Leakage from the Circular Flow

question 44

True/False

Imports are a leakage from the circular flow.

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Definitions:

Customer-Driven Changes

Modifications or improvements to a product or service based on feedback or demands from customers.

Manufacturing and Service Sectors

Two broad areas of the economy; manufacturing involves producing goods, while services entail providing non-physical assistance to consumers or businesses.

Human Resource Planning

The process of forecasting an organization’s future demand for, and supply of, the right type of people in the right number.

Short-Term Change

Alterations or adjustments within an organization that are expected to take place or have effects over a brief period.