_____ Occurs When an Event Weakens the Likelihood That a Response

question 203

Short Answer

_____ occurs when an event weakens the likelihood that a response will be repeated.

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Definitions:

Adage

A short, pointed and memorable saying that expresses a truth or insight.

Private Saving

The portion of an individual's or household's income that is not spent on consumption or taxes and is instead set aside for future use.

National Saving

The total amount of savings generated within a country, which equals the sum of private and public savings.

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or migration, relying entirely on its own resources.