Your Text Authors State That in the Long Run a Nation

question 16

Essay

Your text authors state that in the long run a nation cannot sustain current account deficits and that every nation must eventually "live within its means." What does that mean? What implications are there for the United States?

---

Definitions:

Turnover Rates

The rate at which an organization loses and must replace its employees, often used as an indicator of the workplace environment or satisfaction.

Environmental Stress

Stress arising from factors in one's environment, such as noise, crowding, or pollution.

Role Incompatibility

A situation where the demands of one's roles conflict with each other, creating difficulty in fulfilling them.

Cooperativeness

The willingness to work together towards common goals or interests.