Author Question: Savings are an example of A) a depreciation concept. B) a flow concept. C) a stock concept. D) ... (Read 175 times)

berenicecastro · **on:** Jun 30, 2018

Savings are an example of

A) a depreciation concept. B) a flow concept.
C) a stock concept. D) an investment concept.

Question 2

Many countries find it difficult to achieve economic growth. This is because economic growth

A) depends on technological change and technological change depends on noneconomic factors such as the growth rate of scientific knowledge.
B) is not understood well by economists, so it is difficult to advise policy makers on the best policies to pursue.
C) requires saving, and saving means less consumption today. A poor country may find it difficult to consume less today.
D) appears to be predetermined and not subject to factors that policy makers can have any affect on.