The Repetition of Other People's Behavior a Substantial Time After

question 182

Multiple Choice

The repetition of other people's behavior a substantial time after it originally occurred is referred to as

• A) deferred imitation.
• B) egocentrism.
• C) symbolic representation.
• D) object permanence.

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Definitions:

APS

Average Propensity to Save, the proportion of total income that is saved by the economy or an individual.

Consumption

Pertains to the aggregate volume of products and services that are purchased and consumed by families and people.

MPC

The marginal propensity to consume, which is the fraction of additional income that a household spends on consumption.

Disposable Income

Financially viable resources for households' spending and saving strategies after deducting income taxes.