As U.S. Income Rises, U.S. Imports Will Rise

question 26

True/False

As U.S. income rises, U.S. imports will rise.

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Definitions:

Slack

In optimization, slack refers to the difference between the resources available and the resources used, indicating unused capacity or flexibility.

In-House Manufacture

The process of producing goods within a company, as opposed to outsourcing production to external suppliers.

Outsourcing

The strategic use of outside resources to perform activities traditionally handled by internal staff and resources.