National savings is important for all of the following reasons EXCEPT
A) it can be used to consume additional foreign goods.
B) it can be used to fund private investment.
C) it can be used to fund government investment.
D) it can be used to fund foreign investment.
A
You might also like to view...
Outsourcing is the
A. Loss of output because of an increase in unemployment. B. Unemployment that is inevitable when jobs leave a country. C. Relocation of production from domestic companies to foreign countries. D. Movement of workers to foreign countries where there are more jobs.
The effects of a tariff are
A) reduced quantity supplied overall, reduced quantity supplied by domestic producers, and a lower price. B) reduced quantity supplied overall, increased quantity supplied by domestic producers, and a higher price. C) reduced quantity supplied overall, decreased quantity supplied by domestic producers, and a lower price. D) identical to the effects of a quota, except that the price of the good is higher.
The Federal Reserve Act of 1913 was passed to
a. convert all banks to national banks b. check the overreach of powerful financial trusts c. allow banks to hold excess reserves d. allow banks to accept collateral as guarantees against outstanding loans e. prevent banks from accepting collateral as guarantees against outstanding loans
Which of the following is most important if a country is going to achieve and sustain rapid economic growth?
What will be an ideal response?