Several studies, some cited in the text, show that the price elasticities of demand for basic foods such as corn, potatoes, and milk are consistently

An increase in saving that leads to more capital accumulation ________ labor productivity

A) increases B) does not change C) decreases D) probably changes but in an ambiguous direction

In recent decades, the United States

A) was essentially a closed economy. B) was generally a net borrower of foreign funds. C) was generally a net lender abroad. D) experienced a net outflow of savings.