Which of the Following Statements Is True

question 158

Multiple Choice

Which of the following statements is true?

• A) A decreases in imports causes a balance of payments surplus.
• B) A decrease in exports causes a balance of payments deficit.
• C) An increase in exports causes a balance of payments surplus.
• D) none of the above

Evaluate the effectiveness of social networking for recruitment and job seeking.

Grasp the concept of the human capital perspective and its significance to competitiveness.

Understand current trends in HR, including decentralization and outsourcing.

Acknowledge the relationship between employee treatment, productivity, and turnover.

---

Definitions:

Market Wage

The prevailing pay rate for work of a given nature in a specific market or industry.

Labor Supply

The total hours that workers are willing and able to work in a given period, often influenced by factors like wages, working conditions, and social norms.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate wealth through investment or production.

Factor Substitution Effect

The process by which firms replace factors of production (like labor and capital) with others due to changes in relative prices or technology.