Adam and Becky Both Recently Started New Jobs

question 29

Multiple Choice

Adam and Becky both recently started new jobs.Both have determined that they should save 10 percent of their monthly income toward retirement.Adam's employer has no program established for payroll deduction,but he could easily set up automatic withdrawals to go into a retirement fund.Becky's employer automatically directs 8 percent of the paycheck into a retirement fund,but the employee can change the percentage deducted.Behavioral economists would expect:

• A) Adam to save more as he would set up a 10 percent automatic withdrawal while Becky would stay at the default of 8 percent.
• B) Becky would save more,as both would tend to stay at the defaults provided by their employers.
• C) them both to save 10 percent eventually,as both had predetermined that that was the optimal amount to save.
• D) Becky to feel a greater sense of loss by seeing funds automatically withheld each month.

Understand the chronological order and founding dates of early English colonies in America.

Recognize the historical context of England's rivalry with Spain in the late 16th century.

Identify the funding sources and economic motivations behind early English settlements.

Grasp the religious dynamics and tensions in late-sixteenth-century England, including impacts on colonization.

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Definitions:

Internal Search

The process by which individuals recall information from memory to make a decision, often used in the context of consumer behavior.

External Search

The process by which consumers look for information outside of their personal knowledge base to make a purchase decision.

Prior Experience

refers to the knowledge or skill that a person has gained before the current point in time or event.

TV

Short for television, a telecommunication medium used for transmitting moving images and sound, serving as a primary source of entertainment, news, and information.