The Reward Offered to Households to Refrain from Spending Their

question 118

Multiple Choice

The reward offered to households to refrain from spending their income on current consumption and instead save their income is

• A)rent
• B)credit
• C)utility
• D)interest
• E)forgone utility

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Definitions:

Motivated

Having a strong willingness or enthusiasm to do something, often driven by internal desires or external incentives.

Scarce

Something that is in short supply or limited availability in relation to the demand.

Framing

The way information is presented or an issue is positioned, which can influence perceptions, attitudes, and decisions.

Persuasion

The act of convincing others to adopt a certain belief or follow a particular course of action through argument, appeal, or rationale.