Other Things the Same, the Higher the Rate of Saving

question 46

True/False

Other things the same, the higher the rate of saving and investment in a country, the higher will be the standard of living.

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Definitions:

Availability Heuristic

An intellectual shortcut that depends on the readily accessible examples in someone's memory upon contemplating a certain subject, notion, technique, or judgment.

Rare Events

Events that occur infrequently or have a low probability of happening within a given time frame.

Insure Themselves

The act of individuals or entities protecting themselves against financial loss through the purchase of insurance.