Explanations for the High Saving Rate in Japan Consistent with the Life-Cycle

question 140

Multiple Choice

Explanations for the high saving rate in Japan consistent with the life-cycle reason for saving include:

• A)long life expectancies and large down payments required for home purchases.
• B)lifetime employment.
• C)the desire to leave resources to children who provide support and attention to parents in their old age.
• D)low unemployment rates in Japan.

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Definitions:

Servicing Model

A union representation model where the focus is on providing services to members, such as legal advice and representation, rather than on mobilizing workers or political action.

Representation

The action of speaking or acting on behalf of someone or the state of being represented.

National Union

A labor union that operates across an entire nation, representing workers in a specific industry or multiple industries at a national level.

Bylaws

Rules and regulations adopted by an organization or community to govern its own actions and behavior of its members.