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If tastes for foreign goods and services go up, then we would expect aggregate expenditure to:
International Aid
Financial or material assistance provided by one country or international organization to another country to support development, alleviate poverty, or respond to crises.
Negative Aspects
The disadvantages or harmful effects associated with a situation, decision, or action.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.
Homogeneous Culture
A society or group where members share similar norms, values, customs, and traditions, making it relatively uniform in terms of culture.
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