Data from most industrialized countries show that countries with high investment rates (as a percentage of GDP) tend to be countries
A. with the highest rates of inflation.
B. with the most unequal income distribution.
C. with high rates of economic growth.
D. with the lowest rate of national saving.
Ans: C. with high rates of economic growth.
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Observations of consumer behavior suggest that when the price of gasoline rose above $3.50 per gallon, consumer demand for gas became considerably more price elastic
Indicate whether the statement is true or false
A forest is an example of a nonrenewable resource
a. True b. False Indicate whether the statement is true or false
The New Deal was carried out during the administration of President
A. Herbert Hoover. B. Franklin Roosevelt. C. Harry Truman. D. Dwight Eisenhower.
A decrease in demand is shown graphically by a shift of the demand curve to the _______.
Fill in the blank(s) with the appropriate word(s).