In an open economy, there should be a a. close positive ...

[Mr. Wonderful]

In an open economy, there should be a
 
  a. close positive relationship between investment and savings.
  b. a close positive relationship between trade deficits and investment.
  c. a negative relationship between trade deficits and savings.
  d. a positive relationship between a country's savings rate and higher domestic interest rates.

Question 2

According to Edward Denison, the major source of labor productivity is
 
  a. improvements in labor quality.
  b. economies of scale.
  c. the changing composition of the labor force.
  d. technological progress.
  e. education per worker.

[flexer1n1]

Answer to Question 1

C

Answer to Question 2

D

[Mr. Wonderful]

YES! Correct, THANKS for helping me on my review

[ricroger]

Thanks for the timely response, appreciate it