Norms Come in Many Different Forms

question 30

Multiple Choice

Norms come in many different forms.Which of the following is NOT correctly referred to by the term "norms"?

• A) trait norms
• B) age norms
• C) grade norms
• D) percentile norms

---

Definitions:

Consumption

The act of using goods and services for personal needs or to satisfy consumer demands.

APS

Average Propensity to Save, the proportion of total income that is saved by the economy or an individual.

Consumption

Pertains to the aggregate volume of products and services that are purchased and consumed by families and people.

MPC

The marginal propensity to consume, which is the fraction of additional income that a household spends on consumption.