National Saving Is Saving By

question 89

Multiple Choice

National saving is saving by:

• A)households for retirement.
• B)the government.
• C)households and firms.
• D)the entire economy.

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Definitions:

Inevitable

Something that cannot be avoided or is certain to happen.

Irreversible

Describes a process or action that cannot be undone or altered once it has occurred.

Cultural Ritualism

The practice and repetition of formalized actions and ceremonies in a culture, often imbued with symbolic meaning and importance.

Biological Causality

The concept that biological processes and phenomena are caused by underlying genetic, biochemical, or cellular factors.