One reason why many low-income countries experience low rates of growth is because of low rates of saving and investment in those countries
Indicate whether the statement is true or false
TRUE
You might also like to view...
Individuals derive utility from picnics, p, and kayak trips, k. Assuming that an individual's utility is U(p,k) = k0.5p0.5 and income is $100, what is the marginal rate of substitution (MRS) between picnics and kayak trips?
A) MRS = 1. B) MRS = -1. C) MRS = - D) There is no substitution because picnics and kayak trips are perfect complements.
The biggest challenge faced by the German health care system in the 1990s was:
a. how to provide high-income Germans with an effective safety valve so they will continue to support the system with their taxes. b. integrating East and West Germany into a single system. c. controlling overall health care spending as a percentage of GDP. d. how to control rising physicians' incomes in the name of social solidarity. e. eliminating the long waiting lists for expensive medical services.