Raising household savings could be beneficial because ________
A) it translates into higher investment
B) severe economic downturns can be "better-weathered"
C) it provides a cushion to avoid bankruptcies
D) all of the above
E) none of the above
D
Economics
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Refer to the above table. How long would it take for a country to triple its GDP if the GDP grew at a 20 percent rate?
A) 10 years B) 6 years C) 4 years D) 2 years
Economics
When the United States exports a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus
A) increase; smaller than; increase B) increase; larger than; decrease C) decrease; smaller than; increase D) decrease; equal to; decrease
Economics