One Difference Between a Closed and an Open Economy Is

question 239

Multiple Choice

One difference between a closed and an open economy is that:

• A) in the latter, foreign savings complement domestic savings in financing investment spending.
• B) in the latter, the government is more open to the idea of financing investment spending than in the former.
• C) in the former, foreign savings complement domestic savings in financing investment spending.
• D) in the former, foreign savings finance more investment spending than in the latter.

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Definitions:

Realistic Job Previews

An informative process or approach used by organizations to give prospective employees a true picture of what to expect in a job.

Working Conditions

The environment and terms under which employees work, including hours, workplace safety, amenities, and ergonomics.

Job Interviews

The process by which a potential employer assesses a candidate's suitability for a specific job role through questions and discussion.

Internal and External Supply

The combination of resources or workforce sourced from within an organization and those acquired from outside to meet its operational needs.