Under the Absorption Approach,if the Economy Is Below Full Employment,then

question 48

Multiple Choice

Under the absorption approach,if the economy is below full employment,then it is best to improve the trade balance by:

• A) Cutting government spending by eliminating programs
• B) Cutting household spending by raising taxes on goods
• C) Cutting household income by raising taxes on income
• D) Increasing domestic production through devaluation

---

Definitions:

Specialization

The process of focusing on a narrow area of expertise or developing specific skills in a particular field or activity.

Dominant

In genetics, a term referring to the allele that masks the effect of a recessive allele for a particular trait when they are paired together.

Inanimate Things

Objects that do not possess life or consciousness.

Coordinated Functions

The integration and harmonious operation of different systems or parts of the body to achieve a complex task.