Explanations for the high saving rate in China consistent with the life-cycle reason for saving include:
A. few opportunities to borrow funds for education or paying for a house.
B. the desire to leave resources to children who provide support and attention to parents in their old age.
C. China's limited social safety net provides most people with little protection against health problems and medical costs.
D. low unemployment rates in China.
Answer: A
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Exhibit 23-1 Nation of Padia
?
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A. I B. II C. III D. IV