The Save More Tomorrow (SMarT)program Found All of the Following

question 16

Multiple Choice

The Save More Tomorrow (SMarT) program found all of the following except that:

• A) people want to save more than they typically do.
• B) participants quadrupled their savings in just a couple of years.
• C) if the default choice is to save a portion of income, people will save more.
• D) people were already saving at an optimal amount, so the program had no effect.

Understand the role of auxiliary assumptions in connecting hypotheses to explananda.

Identify common flaws in explanations and understand their implications.

Understand the concept of plausibility in hypotheses and explanations.

Appreciate the significance of testing hypotheses and the role of observational evidence.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash or goods, used in a company to fund its operations and facilitate its growth.

Superstars

Highly distinguished and successful individuals, often in sports, entertainment, or other fields.

Marginal Revenue Product

The additional revenue that a firm generates by employing one more unit of input, like labour or capital.

Pricing Power

The ability of a company or sector to dictate the price of its goods or services in the market.