International evidence on the relationship of per capita income and the saving rate suggests that ________
A) a high level of income per person requires a high saving rate
B) a high saving rate guarantees a high level of income per person
C) a high saving rate might result in a high level of income per person
D) a high saving rate requires a high level of income per person
C
You might also like to view...
Unemployment, at the aggregate level.,
A) is avoidable. B) is part of a well-functioning economy. C) is always a sign of market failure. D) would not happen with good policy.
In the above figure, what is the quantity of workers that would be hired by a monopsonist?
A) Q1 B) Q2 C) Q3 D) Q4
Marginal utility is the
A. Utility received from consuming the optimal combination of goods and services. B. Change in total utility obtained by spending one extra dollar on a good or service. C. Change in total utility obtained by selling one extra unit of a good or service. D. Change in total utility obtained by consuming one extra unit of a good or service.
In which year did the unemployment rate in Germany fall compared to the EU-27 average?
A. 2008 B. 2010 C. 2007 D. 2006