The Higher Is the Current Level of Saving

question 32

Multiple Choice

The higher is the current level of saving:

• A)the higher is the current level of investment and higher the future level of consumption.
• B)the lower is the current level of investment and lower the future level of consumption.
• C)the higher is the current level of investment and lower the future level of consumption.
• D)the lower is the current level of investment and higher the future level of consumption.

---

Definitions:

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Specialize

To focus on a particular area of study, work, or production, becoming an expert or highly skilled in that area.

Import

The act of bringing goods or services into a country from abroad for sale.

Colombia

A country located in the northern part of South America, known for its significant biodiversity, cultural heritage, and as a major producer of coffee and emeralds.