Because the United States has a more consumer-oriented culture,while China's culture is traditionally more frugal,we would expect:
A) the U.S.demand curve for loanable funds to be to the right of China's demand curve.
B) the U.S.demand curve for loanable funds to be to the left of China's demand curve.
C) the U.S.supply curve for loanable funds to be to the right of China's demand curve.
D) the U.S.supply curve for loanable funds to be to the left of China's demand curve.
Correct Answer:
Verified
Q38: Savings and investment are equal:
A)at the equilibrium
Q39: The supply of loanable funds comes from:
A)savings.
B)investment.
C)borrowers.
D)None
Q40: The quantity of savings that people are
Q43: Good current economic conditions incent people to
Q44: Sarah is able to take out a
Q46: When people expect their income to be
Q49: After taking out a one year loan
Q50: The fact that U.S. citizens expect to
Q51: If citizens expect to bear more of
Q73: When current economic conditions are bad, people
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents