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In an Open Economy, National Saving Can Be Less Than

question 188

True/False

In an open economy, national saving can be less than investment.


Definitions:

Subsidy

A financial contribution by a government that confers a benefit on a specific industry or enterprise.

Government Financial Contribution

Financial support provided by the government to organizations, individuals, or sectors through grants, subsidies, or other fiscal measures.

Specific Industry

A distinct sector of the economy focused on a particular category of products or services.

Ratification

The formal approval of an agreement or act, making it officially valid.

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