When a Dispute Arises Between Different Countries,the Preferred Method of Resolution

question 40

True/False

When a dispute arises between different countries,the preferred method of resolution is to litigate the case through the foreign court system because it is less expensive and ​more private to do so.

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Definitions:

Disposable Income

Money freed up for households to allocate towards savings and spending after income tax removal.

Induced Consumption

The portion of consumer spending that rises when disposable income rises and falls when disposable income decreases.

Autonomous Consumption

The minimum level of spending that must occur, even if a household has no income.

Disposable Income

The sum households have for expenditures and savings after taxes on income are deducted.