Question

Which of the following statements is true? A) The stock of human capital and the physical...

Which of the following statements is true?

A) The stock of human capital and the physical capital available to a nation can be considered proximate causes of prosperity.

B) Cultural and geographical conditions of a nation can be considered proximate causes of prosperity.

C) The stock of human capital and the geography of a nation can be considered fundamental causes of prosperity.

D) The stock of human capital and the geography of a nation can be considered proximate causes of prosperity.

Which of the following statements is true?

A) If households expect higher taxes in the future, they will decrease their current saving rate.

B) If households expect higher taxes in the future, they will increase their current saving rate.

C) The saving rate of households is dependent only on planned future consumption expenditure.

D) The saving rate of households is dependent only on current consumption expenditure.

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Homework Answers

Answer #1

1. Ans: The stock of human capital and the geography of a nation can be considered fundamental causes of prosperity.

Explanation:

Fundamental causes of prosperity

a) geography

b) culture

c) institutions

2. Ans: If households expect higher taxes in the future, they will decrease their current saving rate

Explanation

If households expect higher taxes in the future, he will increase current consumption rather saving because if he will save more , he will have to pay more tax in future.

as to pay

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