The quantity of savings that people are willing to supply will depend on:
A. the amount they have left over after consumption.
B. their age, since people tend to stop saving once they retire.
C. their disposable income.
D. the price they will receive.
Answer: D
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Saving is
a. helpful for production but not necessary b. not useful for production because they imply a decrease in consumption c. required for production d. not useful for production because it is not a resource e. not useful for production because savers must be paid interest
Which of the following statements characterizes NAFTA's economic arrangements among its member countries (Canada, Mexico, and the United States)?
a. There are no restrictions on the movement of labor from one country to another. b. There are no restrictions on the movement of capital from one country to another. c. All three countries have adopted the same identical tariff system. d. There is free trade among the three member countries.
Regulation that is based upon the cost of providing the good or service is known as
A) rate-of-return regulation. B) cost-of-service regulation. C) social regulation. D) deregulation.
What is needed to aid capital formation in developing countries?
A. More capital flight B. More oil resources C. More entrepreneurship D. Higher price supports for products