The Bequest Effect Tends to

question 21

Multiple Choice

The bequest effect tends to

• A)cause a decrease in savings.
• B)cause people to retire early.
• C)cause an increase in savings.
• D)cause people to retire later.

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Definitions:

Congress

The bicameral legislature of the federal government of the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making national laws.

Tecumseh's Speech

A powerful address by the Native American leader Tecumseh, advocating for unity among indigenous peoples against European settlers.

Osage

A Native American tribe originally located in the Ohio Valley and later known for their vibrant culture and significant historical impact in the Missouri and Oklahoma regions.

White People

A term used to describe individuals of European descent or belonging to ethnic groups characterized by light skin pigmentation.