Answer:
A. The export and import of goods and services
Explanation:
The current account refers to the trade balance of a country. It is the record of a country's transactions with the rest of the world.
Current account includes imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid.
The current account of a country can either be a surplus (positive) or a deficit (negative).
Surplus current account is when a country's export is greater than its import.
Deficit current account is when a country's export is less than its import.
Import refers a situation where a country buys goods from another country.
Export refers to a situation where a country sells to other countries of the world.
The current account is a part of the balance of payments, the other part is the capital or financial account.
Financial/capital account measures cross-border investments in financial instruments and changes in central bank reserves.
Answer:
standing
Explanation:
As the strategy is considered after the event, the new procedure and policies of action will take place in future scenarios. They will applied to make a better outcome than without it. This may or not repeat, it is not a "single-use" event. Employees must be prepared when the circumstance arrive to behave propertly in the future
Answer:
c. flexible-price
Explanation:
A flexible pricing policy provides room for the business and the customer to negotiate for the final price of a product. In other words, the price indicated on the item is not fixed. The seller and buyer can agree to alter it either upwards or downwards.
A flexible pricing strategy enables a business to adjust its prices to suit the market demand. It will allow a company to counter low prices by competitors in cases of price wars. In some instances, businesses set slightly high prices to provide for negotiations. Flexible pricing is common, especially in tailor-made products.
Answer:
b. each person evaluates the situation according to his/her individual self-interest.
Explanation:
This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.
Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.
Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.
PHASE 1: Accumulation
This period begins when you enter the workforce and begin setting aside funds for later in your life, and ends when you actually retire. If your employer offers 401(k), 403(b), or 457(b) plans, have you signed up and are you contributing the maximum allowed? Did you know that the "new normal" requires retirement savings rates for most Americans to exceed 10 percent? If self-employed, are you shortchanging yourself on Social Security in order to reap tax deductions?
PHASE 2: Pre-Retirement
This phase occurs during the final years of the accumulation phase and should begin when you reach 50 years old or are 15 years away from retiring, whichever happens first. Now is the time to get your plan in place, making sure your finances are lined up correctly for retirement day so nothing will be left to chance. If you work for a company with a benefits specialist, arrange an appointment to become informed about the various ways you can convert your employer retirement savings into a stream of income or an IRA. Consider using a tool known as "scenario planning." Start learning about Social Security and your options for beginning to receive retirement benefits. Familiarize yourself with the basics of Medicare.
PHASE 3: Early-Retirement
This phase lasts from the day you retire until you are 70 years old. (For those who do not plan to retire until well into their 70s, some tasks in this phase may occur later.) A key purpose of this phase is to create a clear communication channel with your family so information can be shared, questions asked and answered, and decisions made in a calm, supportive way. It's also the time to assess how well your finances are working now that you are using your retirement savings. Fine-tune your income and expense projections, taking into consideration how you will meet minimum distribution requirements from your tax-deferred accounts.
PHASE 4: Mid-Retirement
This phase begins at age 70 and lasts as long as you are able-bodied and high-functioning. Despite your good health, begin looking at what steps you would like your family to take should your condition decline significantly. In most cases your ability to make all your own decisions, care for yourself, engage with the world on your terms, and manage your affairs does not vanish in a split second. It takes courage to dive into a conversation about giving up and transferring control.
PHASE 5: Late-Retirement
This phase begins when your health has taken a turn for the worse and there is little likelihood of it being fully restored. You require significant help to function day to day. The hope is that by this point all the planning done in prior years makes this transition as manageable and life-affirming as possible.
