In a consumer-oriented economy, the decision to save in order to promote economic growth:
a. means a sacrifice of current consumption in order to enhance future consumption.
b. must be enforced by high levels of taxation
c. cannot be expected to benefit future generations.
d. none of the above.
a
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When financial markets are __________, leverage ______________; when they are _______, leverage ____________.
A. booming; multiplies the gains; crashing; magnifies the losses B. booming; magnifies the losses; crashing; multiplies the gains C. crashing; mitigates the losses; booming; mitigates the gains D. crashing; magnifies the losses; booming; mitigates the gains
Which of the following conditions is characteristic of a monopolistically competitive firm in short-run equilibrium?
a. P = AR b. MR = MC c. P > MC d. All of the above are correct.
Identify the correct statement.
A. If a country is likely to be buffeted mainly by internal shocks, the country should choose a fixed exchange rate. B. The effects of shocks under floating exchange rates depend on whether interventions are sterilized. C. International trade shocks can be countered by adopting a fixed exchange rate that helps to improve the price competitiveness of the country's products. D. International capital-flow shocks are likely to be less disruptive under fixed exchange rates.
Which region has the largest number of children working?
What will be an ideal response?