Figure 8.1 -Refer to Figure 8.1. If the Saving Rate Were S1

question 9

Multiple Choice

Figure 8.1
-Refer to Figure 8.1. If the saving rate were s1 and the economy's level of K is at K1, then:

• A) the capital stock will decrease over time.
• B) the capital stock is constant over time.
• C) the capital stock will first increase, then decrease over time.
• D) the capital stock will increase over time.

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Definitions:

Environmental Forces

Elements such as climate, geography, natural resources, and social factors that can influence the development of societies, individual behavior, and biological ecosystems.

Fully Functioning Person

A term coined by Carl Rogers to describe an individual who is living at their highest potential of emotional and psychological well-being.

Spontaneity

The quality of being performed or occurring as a result of sudden inner impulse or inclination without premeditation or external stimulus.

Incongruence

A discrepancy between a person’s self-concept and aspects of his or her experience.