Which Statement Is False

question 7

Multiple Choice

Which statement is false?

• A)The U.S.personal savings rate fell steadily from the mid-1990s to the present.
• B)The U.S.personal savings rate is lower than that of most other economically advanced countries.
• C)Americans have been poor savers for generations.
• D)A country's savings rate has very little effect on its productivity rate.

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Definitions:

Person's Judgment

The capacity or ability of an individual to make considered decisions or come to sensible conclusions.

Bound in Contract

A legal state or condition wherein parties are legally obligated to fulfill the terms and conditions stipulated in a contract.

Non Est Factum

A legal defense in contract law where a person claims that a signature on a contract was signed by mistake, without understanding its nature.

Functionally Illiterate

Describes an individual whose reading and writing skills are inadequate to manage daily living and employment tasks that require literacy.