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:

Extrapersonal Environment

The external surroundings, conditions, or factors that exist outside of the individual but can influence their behavior or condition.

Spiritual Variable

An element in health and wellness studies that considers the influence of spiritual beliefs, practices, and experiences on an individual's health and healing processes.

Physiological Variable

A factor that can change and affect the functions of the body or its systems.

Negentropy

A measure of system complexity, order, or predictability; often considered the opposite of entropy.