All of the Following Are Statements That Characterize Institutions EXCEPT

question 88

Multiple Choice

All of the following are statements that characterize institutions EXCEPT

• A) they change slowly.
• B) they respond to swift societal changes.
• C) they are conservative.
• D) they are socially patterned.

---

Definitions:

Public Saving

The portion of the government's revenue that remains after accounting for government spending.

Private Saving

The portion of households' income that is not spent on consumption but saved for future use.

Loanable Funds

The sum of money available for borrowing, influenced by savings and investments, within an economy at any given time.

National Saving

The total amount of saving in a country, equal to the sum of private and public saving, representing the national income not spent on consumption or government expenditure.