Using Lessons Learned from Behavioral Economists, Which of the Following

question 11

Multiple Choice

Using lessons learned from behavioral economists, which of the following would be most likely to increase retirement savings?

• A)Specifying that all retirement contributions are to be made by personal check only
• B)Allowing customers to make contributions of any amount whenever they desire
• C)Enabling automatic deductions from paychecks, but allow customers to make as many changes to the amount as they like without cost or obligation
• D)Allowing customers to commit to an increasing portion of their paycheck being automatically deposited in retirement savings in future years
• E)Charging service fees for contributions under $100

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Definitions:

Premanufacturing Notice

A requirement under environmental law for manufacturers to notify a government agency before producing or importing new chemicals.

EPA

The Environmental Protection Agency, which focuses on the conservation of the environment and protecting human health through the enforcement of regulations.

Superfund

A federal program established to fund the cleanup of sites contaminated with hazardous substances and pollutants.

Hazardous Waste

Refers to waste materials that are dangerous or potentially harmful to human health or the environment.