If a Nation with a Balance-Of-Payments Deficit Is Willing and Able

question 52

True/False

If a nation with a balance-of-payments deficit is willing and able to initiate quick actions to increase export receipts and decrease import payments,the amount of international reserves needed will be relatively large.

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Definitions:

Empowerment Approach

A strategy for enhancing the capacity of individuals or groups to make choices and transform those choices into desired actions and outcomes.

Theory Y

A management concept which assumes employees are self-motivated, enjoy work, and work to better themselves without direct supervision.

Theory X

A management theory assuming that employees are naturally lazy, need to be closely supervised, and require strict control to be motivated.

Effective Leaders

Individuals who successfully inspire, influence, and guide others towards achieving shared goals through their vision, communication, and integrity.