Developing countries may have excess savings in one region and inadequate savings in another due to
a. interest rate ceilings
b. fragmented markets
c. inflation
d. financial deepening
e. all of the above
B
You might also like to view...
If producer choice sets are convex and a production plan satisfies the condition that the (marginal) technical rate of substitution is equal (in absolute value) to the ratio of input prices, then the production plan is profit maximizing.
Answer the following statement true (T) or false (F)
If people can benefit from a good even if they do not pay for it, the good is nonrival
Indicate whether the statement is true or false
If trade between two countries is voluntary, one can expect that
A. one country’s gain is necessarily the other’s loss. B. one country will exploit the other one. C. neither country really gains from trade. D. the larger country will always gain at the expense of the smaller. E. both countries expect to gain something.
Which of the following policies will reduce the budget deficit while achieving greater fiscal restraint?
A. Less government expenditure and higher taxes. B. More government expenditure and higher taxes. C. Less government expenditure and lower taxes. D. More government expenditure and lower taxes.