Which One of the Following Is True

question 256

Multiple Choice

Which one of the following is true?

• A) Saving deters economic growth, because it takes money out of circulation.
• B) Saving enables economic growth by providing for investment in the capital stock.
• C) International comparisons have found no relationship between the rate of saving and the level of per capita real GDP.
• D) Economies with sophisticated credit markets, such as the United States, have no need for saving.

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Definitions:

Unilateral Mistake

A contractual misunderstanding that occurs when only one party is mistaken about a fundamental aspect of the contract.

Disclose Facts

The act of revealing or making known information that is true and relevant, often within a legal context.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Undue Influence

Persuasion that is less than actual force but more than advice and that induces a person to act according to the will or purposes of the dominating party.