Other Things the Same, the Higher the Rate of Saving

question 48

True/False

Other things the same, the higher the rate of saving and investment in a country, the higher will be the standard of living in the future.

---

Definitions:

Fundamental Attribution Error

The tendency to overemphasize dispositional explanations for behaviour at the expense of situational explanations.

Social Category

Groupings of individuals based on shared characteristics or social identity, such as race, gender, or age.

Situational Attribution

Situational attribution is the process of attributing an individual's behavior to external factors or circumstances rather than to their internal characteristics or dispositions.

Consensus Cues

Attribution cues that reflect how a person’s behaviour compares with that of others.