The Principle of Diminishing Marginal Satisfaction Explains Why

question 22

Multiple Choice

The principle of diminishing marginal satisfaction explains why

• A)many people don't like to save.
• B)annual consumption almost always exceeds annual savings.
• C)people can't seem to save more even though their incomes rise.
• D)future consumption looks more appealing than current consumption as our current incomes increase.

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Definitions:

Self Competency

The understanding and utilization of one's own skills and abilities to effectively accomplish tasks and goals.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative and sympathetic attitude towards others.

Personality Development

The growth and development of the aspects of a person's character and psychological traits over time.

Group Membership

The state or condition of being a part of a group, organization, or community, often associated with shared objectives or characteristics.