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When Income Increases, Expenditure on Imports Tend to Increase

question 13

Multiple Choice

When income increases, expenditure on imports tend to increase. Which of the following best describes this relationship?


Definitions:

Sustainable Products

Goods produced in ways that do not deplete natural resources or harm the environment, often associated with ethical consumerism.

New Business Models

Innovative structures for the creation, delivery, and capture of value by businesses in response to shifting market demands.

Chief Sustainability Officer

A top executive position responsible for integrating and managing a company's environmental and social sustainability initiatives.

Responsibilities

Obligations or duties that individuals, organizations, or governments are expected to fulfill or carry out.

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