What Did Chang's Study Reveal About the Utility of Optimism

question 36

Multiple Choice

What did Chang's study reveal about the utility of optimism and pessimism when comparing Asian Americans and White Americans?

• A) White and Asian Americans had similar levels of optimism and pessimism.
• B) Asian Americans were significantly more pessimistic, but there was no significant difference in optimism.
• C) White Americans exhibited a negative correlation between problem-solving and optimism.
• D) Asian Americans show significantly higher levels of optimism than White Americans.

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Definitions:

Savings

The portion of income not spent on consumption, often put aside for future expenses, investment, or emergencies.

Industrial Revolution

The period of major industrialization that took place during the late 1700s and early 1800s which transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system.

Productivity Growth

An increase in the efficiency of producing goods or services within an economy, often leading to more output for the same amount of inputs.

Raise Savings

Encouraging or implementing strategies to increase the amount of money that individuals or entities set aside for future use rather than spending immediately.