The Family Is the Most Important Agent of Socialization in All

question 70

True/False

The family is the most important agent of socialization in all societies.

---

Definitions:

National Saving

The total amount saved by a nation's households and businesses, plus government budget surplus, which can be used for investment.

Open-Economy Macroeconomic Model

A model that analyzes an economy that engages in international trade, considering the impact of exports, imports, and capital flows.

Tariffs

Tariffs are taxes imposed by a government on imported goods and services to protect domestic industries, raise revenue, or influence trade balance.

Net Exports

The value of a country's exports minus the value of its imports, a key component in calculating a nation's GDP.