By reducing consumption expenditures, poor nations should be able to completely finance their own capital investment.
Answer the following statement true (T) or false (F)
False
Pervasive poverty in poor nations sharply limits the potential for increased savings. Nevertheless, governments can encourage more saving with improved banking facilities, transparent capital markets, and education and saving incentives.
You might also like to view...
Refer to Table 18.1. After trade begins, ________ will specialize in the production of hats and ________ will specialize in the production of gloves
A) Panama; Russia B) Russia; Panama C) Russia; Russia D) Panama; Panama
The most basic cause of unemployment in the United States is that
A) the natural rate of unemployment is much higher than zero. B) we are most of the time producing a real GDP below the natural real GDP. C) we are suffering from low productivity growth. D) we are converting from a predominantly industrial to a predominantly service-based economy. E) policymakers are constantly trying to hold down inflation.
According to supply-side economists, a cut in taxes will
a. cause people to spend more, causing the aggregate supply curve to shift to the right b. act as a work incentive causing the aggregate supply curve to shift to the right c. encourage people to work more to get more income to spend, causing the aggregate supply curve to shift to the left d. encourage people to work more hours and be more productive, causing the society to move upward along the aggregate supply curve e. increase private and reduce government spending so that aggregate demand remains fairly constant
Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lake. Then Stan started selling tickets to people who wanted to go swimming in the lake. When Stan died, he left the lake and the land it was on to the state, stipulating that the lake be left open to the public for swimming. Due to the lake's remote location, it was never crowded. When Stan started selling tickets to the public, the lake became a ________ good.
A. collective B. private C. public D. commons