A Shift in Tastes Toward Foreign Goods ________ Net Exports

question 28

Multiple Choice

A shift in tastes toward foreign goods ________ net exports in the U.S. and causes the IS curve to shift to the ________ in the U.S. ,everything else held constant.

• A)decreases;right
• B)decreases;left
• C)increases;right
• D)increases;left

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Definitions:

Hybrid Plans

Hybrid plans combine features of traditional defined benefit pension plans with those of defined contribution plans, offering benefits of both systems.

Old Age Security

A government-funded pension program in certain countries designed to provide a basic level of income to seniors.

Defined Pension Plans

A retirement plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Deferred Profit-sharing Plans

Retirement plans where a portion of the company's profits is contributed to the employees' retirement savings accounts, typically vested over time.