Fundamental Disequilibrium Is Concerned Only with Large and Persistent Balance-Of-Payments

question 54

True/False

Fundamental disequilibrium is concerned only with large and persistent balance-of-payments deficits,because as economic theory tells us 'more is better' and thus surpluses are inherently good.

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Definitions:

Maslow

Referenced to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.

Social Needs

The essential human requirements for interaction, belonging, and companionship, often motivating behavior within societal contexts.

Physiological

Relating to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Self-Actualization

The achievement or actualization of individual talents and capabilities, seen as an innate motivation or necessity in everyone.