Households Will Choose to Save More If

question 139

Multiple Choice

Households will choose to save more if

• A) income is expected to decrease in the future.
• B) current disposable income increases.
• C) Both answers A and B are correct.
• D) Neither answer A nor B is correct.

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Definitions:

Manufacturer's Liability

The legal responsibility of manufacturers for any harm caused by defects in their products, regardless of negligence.

Breach of Contract

The failure to perform as specified in a contract without lawful excuse, which can give rise to legal action for damages or specific performance.

Emotional Distress

A legal term for the mental anguish or suffering one may experience as a result of another's actions or negligence.

Strictly Liable

Having legal responsibility for damages or loss, regardless of care or intent.