Other things being equal, a higher saving rate
A) means higher standards of living today.
B) is associated with a decline in the rate of growth of the population.
C) means higher standards of living in the future.
D) leads to higher interest rates.
C
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The experience of the high-growth Asian economies has brought attention to predictions about income inequality made by Kuznets. He predicted that at first income inequality would ________ as economies began to develop. In the HPAE's experience, it ________
A) rise; rose B) decrease; decreased C) rise; fell D) fall; rose
[Appendix; Advanced Material] If an airline company decides to buy smaller jets with fewer seats, then the problem of:
a. spillage and spoilage both increase. b. spillage decreases, but spoilage increases. c. spillage and spoilage both decrease. d. spoilage decreases, but spillage increases.