________ save a ________ of their income. This ________ capital in their economy and raises economic growth
A) High-income countries; large proportion; increases
B) Developing countries; large proportion; decreases
C) High-income countries; small proportion; increases
D) Developing countries; small proportion; increases
A
You might also like to view...
The regular pattern of income variation over a person's life is called the
Willingness to pay measures
A) the maximum price a buyer is willing to pay for a product minus the amount the buyer actually pays for it. B) the amount a seller actually receives for a good minus the minimum amount the seller is willing to accept for the good. C) the maximum price that a buyer is willing to pay for a good or service. D) the maximum price a buyer is willing to pay minus the minimum price a seller is willing to accept.
Refer to the information provided in Table 6.2 below to answer the question(s) that follow. Table 6.2Number ofCandy Bars per DayTotal UtilityMarginal Utility140?275?3100?4115?5?5Number ofHot Dogs per DayTotal UtilityMarginal Utility130?254?372?484?5?6Refer to Table 6.2. Diminishing marginal utility sets in after the ________ candy bar per day.
A. first B. second C. third D. fourth
If a price ceiling is set above the equilibrium price, then
A. prices will fall as soon as the ceiling price is abolished. B. prices will remain the same (not rise) when the price ceiling is lifted. C. equilibrium price and ceiling prices are two totally different concepts and hence do not affect each other. D. prices will begin to rise rapidly when the price ceiling is lifted.