The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.
-Refer to the table above.Why might Mike decide to decrease his saving?
Definitions:
Psychosexual Development
Freud's theory on the stages of psychological development from infancy to adulthood, focusing on how early life sexual urges shape personality.
Oral Trait
A characteristic of personality development associated with the oral stage of psychosexual development, focusing on behaviors related to the mouth such as dependency, eating, and verbal communication.
Perfectionism
A personality trait characterized by a person's striving for flawlessness and setting excessively high performance standards, accompanied by critical self-evaluations and concerns regarding others' evaluations.
Heritability
The degree to which the variations in a trait from one person to another can be attributed to, or explained by, genetic factors.
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