Induced Saving

question 138

Multiple Choice

Induced saving

• A)is that part of saving that is inversely related to the interest rate
• B)plus autonomous saving equals disposable income
• C)is that portion of saving that is directly related to income
• D)is less than disposable income at every level of income
• E)equals autonomous saving at every income level

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Definitions:

Rarity Principle

A concept in economics and marketing suggesting that rare or scarce items are perceived as more valuable.

Plentiful Opportunities

The abundant availability or presence of options or circumstances for action or engagement.

Compliance-Gaining Technique

Strategies used to persuade or induce others to align with one's requests or directions.

Elaboration Likelihood Model

A theory suggesting two primary pathways (central and peripheral) through which persuasion occurs, based on the depth of processing.