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:

Marriage Licenses

Legal documents issued by a governmental authority that grant permission for two individuals to marry.

Police Power

The capacity of a state to regulate behaviors and enforce order within its territory, often to further the health, safety, and morals of its inhabitants.

Regulate

To control or maintain the rate or speed of a machine or process so that it operates properly; to govern or direct according to rule.

Concurrent Powers

Powers in federal systems of government shared by both the state and the federal government, such as the power to tax, build roads, and create lower courts.