If China's Government Runs a Budget Surplus and There Is

question 126

Multiple Choice

If China's government runs a budget surplus and there is no Ricardo-Barro effect, there will be ________ in the supply of loanable funds, private saving ________ and investment ________.

• A) an increase; decreases; increases
• B) a decrease; increases; increases
• C) an increase; increases; increases
• D) a decrease; decrease; increases

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Definitions:

Standardization

The process of developing and implementing technical standards to ensure consistency, safety, and interoperability of products and services.

George Ritzer

George Ritzer is a prominent American sociologist known for his contributions to consumer culture theory, globalization, and his concept of McDonaldization.

McDonaldization

The process by which the principles of the fast-food industry, such as efficiency and standardization, have come to dominate other sectors of society.

Calculability

A principle, often related to rationalization and modernity, emphasizing quantification and measurement in decision-making processes.