An Increase in the Saving Rate in a Steady-State Economy

question 65

Multiple Choice

An increase in the saving rate in a steady-state economy would cause

• A)a rightward movement along the saving-per-worker curve and an increase in the capital-labour ratio.
• B)an upward shift in the saving-per-worker curve and an increase in the capital-labour ratio.
• C)a downward shift in the saving-per-worker curve and a decrease in the capital-labour ratio.
• D)a leftward movement along the saving-per-worker curve and a decrease in the capital-labour ratio.

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Definitions:

Sensitivity

The quality of being responsive or susceptible to external conditions or stimuli.

Gender Awareness

The understanding and recognition of gender roles, identities, and expressions, including the societal norms and expectations associated with them.

Concrete External Traits

Concrete external traits refer to observable and measurable physical characteristics or behaviors of individuals.

Self-concepts

Refers to individuals' awareness and understanding of themselves, including beliefs about their own abilities, attributes, and the attitudes towards themselves.