The Balance of Goods and Services Is

question 215

Multiple Choice

The balance of goods and services is

• A)the same as the merchandise trade balance, since services cannot be traded
• B)equivalent to the trade balance
• C)the value of all goods and services exported minus the value of all goods and services imported
• D)the value of all tangible products exported minus the value of all tangible products imported
• E)the value of all tangible products exported minus the value of all tangible products imported, and transactions to finance the difference

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Definitions:

Recruitment

The process of attracting, screening, and selecting qualified candidates for a job within an organization.

Downsize

The process by which a company reduces its workforce to cut costs, often leading to restructuring of roles and operations.

Temporary Workers

Individuals employed in a work assignment that has a specified end date, often used by companies to fill short-term needs or seasonal positions.

Contract Workers

Individuals hired to perform specific tasks or projects for a certain period under a contract, rather than being permanent employees of a company.