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:

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Exploit

To make use of something (usually resources) in a way that benefits one but may be considered unfair or unethical.

Cognitive Needs

Psychological requirements of a person for thinking, reasoning, and understanding, which drive the pursuit of knowledge and intellectual engagement.

Physiological Needs

The most basic human needs in Abraham Maslow's hierarchy, including air, water, food, shelter, and sleep, necessary for survival.