Higher Levels of Savings Will Result in All of Following

question 26

Multiple Choice

Higher levels of savings will result in all of following except:

• A)​greater economic growth.
• B)​higher capital formation.
• C)​more consumption in the future.
• D)​lower rates of investment.

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Definitions:

Farms

Land and the buildings on it, used for growing crops and/or raising animals as a primary source of income.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making imports more expensive.

Transcontinental Railroad

was a train route across the United States, completed in 1869, which revolutionized transportation and communication, contributing to the country's economic growth and westward expansion.

Hands Off Approach

A policy or attitude where interventions or regulations by governments in business or economic matters are minimized.