Currently, China and India are growing much faster than the United States and Western Europe. This high rate of growth will eventually and naturally slow down in the future because:
a. China and India will exhaust their natural resources.
b. Actually, there is no economic reason for China and India's growth rates to fall in the future.
c. Current account surpluses will eventually cause capital flight from these nations which will lower the value of their currency and reduce their growth rates.
d. Consumption will increase and crowd out investment spending.
e. Diminishing returns will eventually set in.
.E
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Typically, in towns and villages across the Midwest, bowling alleys are one-story buildings. In Manhattan, one is more likely to bowl in alleys found in multi-story high rises. Why?
A) Because Midwesterners live on flat lands, they think flat and build flat. B) The bowling cultures are different. C) The cost of building single-story bowling alleys in Manhattan is too high. D) Midwestern zoning codes must prohibit bowling alleys in multi-story structures.
An increase in a nation's trade deficit occurs when that nation's exports rise and/or its imports fall
a. True b. False Indicate whether the statement is true or false