Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 47

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Households and firms pay taxes to the government to:

• A)increase their consumption spending.
• B)finance the country's import bill.
• C)increase their savings.
• D)improve their standard of living.
• E)finance government expenditures.

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Definitions:

Coherent

Logically connected or consistent; in physics, waves having a constant phase relationship.

Consistent

Marked by harmony, regularity, or steady continuity; free from variation or contradiction.

Disjunction

A logical operation yielding a truth value of true if at least one of the operands is true; often represented with the word "or" in logic.

Consistent

A property of a set of statements that allows them all to be true at the same time without contradiction.