In the Classical Theory of Employment,a Rise in the Rate

question 40

Multiple Choice

In the classical theory of employment,a rise in the rate of interest will

• A)increase saving and decrease investment.
• B)decrease saving and increase investment.
• C)increase saving and investment.
• D)decrease saving and investment.

---

Definitions:

Unreasonable Risk

Exposing individuals or groups to a level of danger or harm that is not justified by the potential benefits or is beyond what is considered acceptable under the circumstances.

Business Visitor

An individual entering a country for a short duration for business-related purposes that do not entail being part of the labor market there.

Invitee

A person who is invited onto a property for the benefit of the property owner or occupier, leading to a higher duty of care.

Tort Reform

A legal process aiming to reduce litigation or damages that plaintiffs can receive, often in an effort to reduce frivolous lawsuits.