Rather Than Cut Consumption During Any Year to Make a Productive

question 133

Multiple Choice

Rather than cut consumption during any year to make a productive investment, ___________ nation that chooses to finance investment and preserve consumption during the first year_______________.

• A) an open-economy; is always worse off.
• B) a closed-economy; is better off if the return is greater than the rate of interest.
• C) an open-economy; is better off if the return is greater than the rate of interest.
• D) a closed-economy; is subject to criticism for policies that favor rich investors.

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Definitions:

Franchisee

is an individual or company that has been granted the right by a franchisor to carry out a commercial enterprise under the franchisor's brand and system.

Assembly Line Worker

An individual employed in a manufacturing process where a product is assembled incrementally by workers stationed at fixed points.

Misrepresent

To provide false or misleading statements, especially with the intention to deceive.

Gratuitous Agent

An individual who acts on behalf of someone else without expecting or receiving any compensation for their services.