Consider Three Imaginary Countries

question 47

Multiple Choice

Consider three imaginary countries. In Mainland, saving amounts to $4,000 and consumption amounts to $8,000; in Upland, saving amounts to $2,000 and consumption amounts to $15,000; and in Lowland, saving amounts to $6,000 and consumption amounts to $11,000. The saving rate is

• A)higher in Mainland than in Lowland, and it is higher in Lowland than in Upland.
• B)higher in Lowland than in Mainland, and it is higher in Mainland than in Upland.
• C)higher in Lowland than in Upland, and it is the same in Upland and Mainland.
• D)higher in Mainland than in Upland, and it is the same in Mainland and Lowland.

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Definitions:

Likelihood

The probability or chance that a particular event will occur.

Workforce Diversity

Refers to a variety of differences among people in an organization, encompassing race, gender, age, religion, sexual orientation, and other dimensions.

Applied Sociology

The practice of using sociological principles, theories, and research to solve social problems and improve society.

Social Problems

Issues within a society that are viewed as undesirable, harmful, or disturbing to community members or the society at large.