Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 47

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Households and firms pay taxes to the government to:

• A)increase their consumption spending.
• B)finance the country's import bill.
• C)increase their savings.
• D)improve their standard of living.
• E)finance government expenditures.

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Definitions:

Structural Power

The form of power that emerges from the structures, systems, and frameworks within societies, governing social interactions and the distribution of resources.

Global Order

The structured system of geopolitical, economic, and cultural relationships and processes that govern the world's functioning.

Global Industry

Economic activities that occur on an international scale, transcending national borders and involving the production, distribution, and marketing of goods and services worldwide.

Tourism

The activity of traveling to places for pleasure and exploration.