The Higher the Perceived Benefit a Consumer Perceives from an External

question 131

True/False

The higher the perceived benefit a consumer perceives from an external search for information, the more likely he or she will be to spend time searching for information.

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Definitions:

APC

This stands for Average Propensity to Consume, which is the percentage of income that an individual or population spends rather than saving.

APS

Average Propensity to Save; it is a macroeconomic term that represents the proportion of income that is saved rather than spent on consumption. It is calculated by dividing total savings by total income.

APC

Average Propensity to Consume, which is the fraction of income that a person or population spends rather than saving.

APS

The Average Propensity to Save, which is the proportion of total income that is saved rather than spent on consumption.