The Three Broad Reasons for Saving, as Identified by Economists

question 99

Multiple Choice

The three broad reasons for saving, as identified by economists, relate to:

• A)consumption, investment, and exports.
• B)national, public, and private production.
• C)the life-cycle, precaution, and bequests.
• D)capital gains, capital losses, and deficits.

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Definitions:

Social Learning Theories

Theories that emphasize learning through observing others, asserting that people can learn new behaviors through imitation and modeling.

Alcohol Abuse

The harmful or hazardous use of alcohol that leads to health issues, social problems, or both.

Maladaptive Patterns

Behaviors or thoughts that, while initially developed to cope with stress or anxiety, become counterproductive and interfere with everyday functioning and well-being.

Sensation-Seeking

The trait of pursuing thrilling and exciting experiences, possibly involving physical, social, or financial risk.