Less of an Economy's Resources Will Be Channeled into Building

question 57

Multiple Choice

Less of an economy's resources will be channeled into building new factories and equipment when:

• A)interest rates are high.
• B)households decide to save more of their income.
• C)firms are optimistic about their future profits.
• D)aggregate income increases.
• E)an economy has a trade deficit.

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Definitions:

High Need for Power

Refers to individuals who have a strong desire to influence, control, or command over others.

Ethical

Pertaining to or dealing with morals, the principles of morality pertaining to right and wrong conduct.

Older People

This term relates to individuals who are in the later stage of their life, typically regarded as being from the retirement age onwards.

Young People

Refers to individuals in their late childhood to early adulthood, often considered in terms of their potential for growth, learning, and engagement with society.