One Argument That Is Made Concerning the Low Rate of Saving

question 7

Multiple Choice

One argument that is made concerning the low rate of saving in the United States is that

• A) although savings is at almost historically low levels,the savings rate conceals the "hidden savings" from people concealing money in various places in their houses.
• B) although savings is at almost historically low levels,the savings rate conceals the "hidden savings" from people's equity in their homes.
• C) the next generation has a lower time preference than previous ones.
• D) the next generation is just plain lazy.
• E) the marginal benefit of saving has fallen relative to the marginal benefit of spending.

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Definitions:

Retailer

A business entity that sells goods or services directly to consumers, usually in small quantities.

Wholesaler

An entity in the distribution channel that buys goods in large quantities from manufacturers or importers and sells them to retailers or other businesses.

Material Terms

Essential conditions and stipulations within a contract that are significant to the agreement and affect its execution or enforcement.

Subject Matter

The specific object or topic under consideration, discussion, or legal examination.