In the Latest Polls Cited in the Textbook,when Asked Whether

question 18

Multiple Choice

In the latest polls cited in the textbook,when asked whether their political philosophy is liberal,conservative,or moderate,the largest proportion of Americans described themselves as which of the following?

• A)Liberal
• B)Moderate
• C)Conservative
• D)Communitarian
• E)The percentages are evenly split among the three alternatives.

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Definitions:

Saving

The act of not consuming all of one's income and instead holding onto it for future investments or expenditure needs.

Disposable Income

The amount of money available to households after paying income taxes, which can be spent on necessities, savings, or leisure activities.

Consumption

The use of goods and services by households or individuals.

Disposable Income

Resources earmarked for household financial activities in saving and spending following income tax calculations.