The Catch-Up Effect Refers to the Idea That

question 181

Multiple Choice

The catch-up effect refers to the idea that

• A)saving will always catch-up with investment spending.
• B)it is easier for a country to grow fast and so catch-up if it starts out relatively poor.
• C)population eventually catches-up with increased output.
• D)if investment spending is low, increased saving will help investment to "catch-up."

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Definitions:

Conservation

In environmental science, it is the preservation and careful management of the environment and natural resources.

Concrete Operational

A stage in Piaget's theory of cognitive development, occurring roughly from ages 7 to 12, characterized by the development of logical thought about concrete objects but not yet abstract concepts.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others.

Conventional Morality

A stage in moral development characterized by adherence to rules and standards of one's group or society.