The AK growth model indicates that countries with high saving rates experience ________, and countries with low saving rates experience ________
A) high growth rates; low growth rates
B) low growth rates; high growth rates
C) positive growth rates; no growth
D) negative growth rates; positive growth rates
A
You might also like to view...
Which of the following variables will not cause the market supply curve of labor to shift?
A) a change in the labor participation rate of women B) an increase in the number of people between the ages of 16 and 65 C) increases in population D) a favorable change in consumer tastes
The productivity table given below shows how many bushels of either wheat or rice can be produced in India and Canada with 1 unit of input.CountryWheat (bushels)Rice (bushels)India1010Canada4020To achieve gains from specialization and trade
A. India should export wheat to Canada and import Canadian rice. B. India should export rice to Canada and import Canadian wheat. C. Canada should produce both wheat and rice and not trade with India. D. India cannot offer any benefits to Canada from trading with her.
The relationship between the level of prices and the total demand for all goods and services is known as:
A. aggregate supply. B. market supply. C. aggregate demand. D. market demand.
All of the following are characteristics of a bond except
A) a bond represents a promise to repay a fixed amount of funds. B) the face value is repaid when the bond matures. C) the coupon payment is the interest payment on the bond. D) bonds generally pay dividends each year.