Why do people save during their working lifetimes?
A) They save for retirement especially if average life expectancy is higher.
B) They save to prepare for those periods of unemployment.
C) They may want to save for unexpected hospitalizations and illnesses.
D) Each of these answers provides a valid explanation for why people save.
Correct Answer:
Verified
Q1: Workers who put 10 percent of their
Q3: Which of the following can be defined
Q5: Why is savings so minimal in nations
Q8: According to the consumption-smoothing theory, a person
Q8: Savings is:
A) the purchase of new capital
Q14: Investment is:
A) the purchase of new capital
Q21: According to the consumption-smoothing theory,people with a
Q24: Fluctuations in income cause most people to:
A)
Q37: Time preference is the desire to:
A) save
Q38: All else equal,time preference is the desire
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