If a Society Believes That Self-Expression Is Important to the People

question 54

Multiple Choice

If a society believes that self-expression is important to the people in that society, then the society is said to value ________.

• A) collectivism
• B) individualism
• C) nurturing orientation
• D) uncertainty avoidance

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Definitions:

Saving

The portion of income that is not spent on consumption but instead is set aside for future use or investment.

Disposable Income

Income left for households to direct into savings and spending after deductions of income taxes.

APC

APC, or Average Propensity to Consume, is the ratio of total consumption to total disposable income, indicating how much income is spent.

Induced Consumption

The portion of consumer spending that changes in response to changes in disposable income.