In the context of fiscal strategies, most economists agree that higher taxes can boost the economy by leaving more money with the government to spend during an economic crisis.
Indicate whether the statement is true or false
Question 2
Which of the following best defines balance of trade?
A) Purchasing products in other countries and bringing them into one's own country.
B) The total value of a nation's exports minus the total value of its imports over some period of time.
C) The total flow of money into the country minus the total flow of money out of the country over some period of time.
D) The ability to specialize in the production of a specific product and trade it for other needed products.
E) The ability to produce a certain product more efficiently than any other nation.
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