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If Business Taxes Rise in a Large Open Economy,it Causes

question 14

Multiple Choice

If business taxes rise in a large open economy,it causes the current account to ________ and saving to ________.


Definitions:

Attorney

A person legally appointed or qualified to represent others in legal matters, also known as a lawyer.

Maslow's Theory

A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, with basic needs at the bottom and self-actualization at the top.

Human Needs

The basic requirements necessary for individuals to survive and thrive, including food, water, shelter, safety, belonging, and self-esteem.

Higher Levels

A phase or degree that is above average or standard, often referring to advanced stages or positions of authority within an organization.

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