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Which of the Following Correctly Describes a Way in Which

question 22

Multiple Choice

Which of the following correctly describes a way in which deficit spending can impose a burden on future generations? I. Failure to allocate deficit spending to uses that boost future real Gross Domestic Product (GDP) will require taxing future generations at a higher rate to repay the resulting higher public debt.
II) Government deficits that lead to higher employment and real Gross Domestic Product (GDP) in the future will generate increased income taxes for future governments, which will respond by spending the higher tax revenues, creating higher future government budget deficits.
III) Other things being equal, deficit spending fuels increased consumption of goods and services by the current generation that crowds out capital investment, thereby leaving future generations with a smaller stock of capital than otherwise would have existed.

Comprehend the role and the importance of reference checks in the selection process.

Identify and explain various selection techniques and their relevance to specific job contexts.

Understand the concept of reliability and validity in the context of selection devices.

Grasp the concept and benefits of on-the-job training methods such as coaching and job rotation.

Definitions:

External Supply

The amount of resources or inputs (such as labor or raw materials) that an organization can obtain from the external environment.

Labour Relations

The study and practice of managing the relationship between employers and employees, including negotiation of collective bargaining agreements.

Regulatory Bodies

Organizations or agencies created to enforce compliance with laws, regulations, and standards in various industries.

HR Supply Analysis

An evaluation of the current workforce in an organization to determine if the number of employees, as well as their skills, are sufficient to meet current and future needs.