A Current Account Deficit Exists When a Country Imports More

question 52

True/False

A current account deficit exists when a country imports more than it exports.

Evaluate the effectiveness of online games and other unconventional methods in employer branding.

Understand the role of skill inventories and HR information systems in succession planning and career path prediction.

Appreciate the impact of realistic job previews on turnover and job acceptance rates.

Identify the effectiveness and specialty areas of public and private employment agencies in recruitment.

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Definitions:

Derived Demand

The demand for resources (inputs) that is dependent on the demand for the outputs those resources can be used to produce.

Inputs Demand

The desire or requirement for factors of production, like labor and capital, that businesses need to produce goods or services.

Demand for Outputs

The quantity of goods and services that consumers and businesses are willing and able to purchase at various prices during a certain period of time.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production.