A Factor That Limits the Amount of Saving in Developing

question 258

Multiple Choice

A factor that limits the amount of saving in developing countries is the fact that

• A)the banking system does not encourage saving.
• B)there is too much foreign aid, so savings is not needed.
• C)the level of aggregate domestic output is low.
• D)the government controls financial institutions and makes it difficult for people to save.

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Definitions:

Donald Super

An American psychologist known for his theories on careers and vocational development.

Career Development

The process by which individuals explore, establish, and pursue paths in a career over the lifespan.

Stages

Distinct phases or periods in a process of development or series of events, often marked by specific features or milestones.

Early Adulthood

A life stage typically occurring from the late teens through the twenties, marked by personal and professional development, and the pursuit of independence.