Which of the Following Is One of the Three Motives

question 68

Multiple Choice

Which of the following is one of the three motives for engaging in egotism-based altruism?

• A) avoiding social or personal punishments for failing to help
• B) for the betterment of society
• C) to help others in need save face
• D) abiding by religious guidelines

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Definitions:

Simple Multiplier

The ratio used to estimate the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.

Marginal Propensity

The rate at which an individual, household, or economy is likely to consume (or save) with respect to an incremental increase in income.

Multiplier

An economic factor that quantifies the impact of increased spending in the economy, leading to a proportional increase in income and consumption.

Marginal Propensity

The proportion of an additional unit of income that is spent on consumption; a key concept in Keynesian economics related to how income changes affect spending.