A higher saving rate leads to faster growth because
A) more saving produces greater additions to capital per hour of labor, raising real GDP per person.
B) capital would wear out faster.
C) people could consume more of an economy's output.
D) population growth would accelerate.
A
Economics
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Which of the following statements is true of members of an organization?
a. They are either principals or subordinates. b. Agents are closely monitored by principals at all times. c. Each member generates information for the use of others in the organization. d. Decision-makers decide on the basis of the information they generate themselves.
Economics
Natural monopolies have U-shaped cost curves.
A. True B. False C. Uncertain
Economics