Which of the Following Would Be Most Likely to Cause

question 13

Multiple Choice

Which of the following would be most likely to cause savings to fall in response to the payment of Social Security benefits?

• A) the induced retirement effect.
• B) the wealth substitution effect.
• C) the bequest effect.
• D) the increased wealth effect.

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Definitions:

Absenteeism

The habitual non-presence of an employee at their job, which can be a sign of workplace issues such as dissatisfaction or health problems.

Tardiness

The quality or fact of being late; delay in arrival or performance compared to expected or scheduled time.

Contingency Workers

Workers employed on a non-permanent basis, such as freelancers, consultants, or contract workers, often without the same job security and benefits as full-time employees.

Permanent Workforce

Employees who are hired on a long-term basis with no predetermined end date for their employment.