If a Family Has Income That It Does Not Spend

question 38

Multiple Choice

If a family has income that it does not spend on consumption,then the family will have ________ change in their ________.

• A) a negative;borrowing
• B) a negative;wealth
• C) no;wealth
• D) a positive;borrowing
• E) a positive;wealth

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Definitions:

International Trade

The exchange of goods, services, and capital between countries or territories.

Domestic Market

The domestic market refers to the economic activities and transactions happening within a country's borders, focusing on the buying and selling of goods and services locally.

Consumer Surplus

The gap between what consumers are prepared and can afford to pay for a product or service versus what they end up paying.

International Trade

The exchange of goods and services between countries, driven by comparative advantage and resulting in mutual economic benefits.