China Has a Higher Saving Rate Than the United States

question 173

Multiple Choice

China has a higher saving rate than the United States.One economic explanation for this fact is that:

• A) Americans are more irrational than the Chinese.
• B) Americans are more rational than the Chinese.
• C) there is a lower rate of time preference for Americans than for the Chinese.
• D) there is a higher rate of time preference for Americans than for the Chinese.

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Definitions:

Flammable Material

Substances capable of catching fire and burning quickly, posing risks to safety and property.

Power

The ability to influence or control the behavior of people or the course of events.

Control

In organizational contexts, it refers to the processes and mechanisms in place to monitor, direct, or regulate behaviors, activities, or processes to achieve desired outcomes.

Transformational Leadership

A leadership style characterized by inspiring and motivating followers to exceed their own interests for the good of the organization.