If the Marginal Propensity to Save Is 0

question 109

Multiple Choice

If the marginal propensity to save is 0.1,then a $10 million decrease in disposable income will

• A)increase consumption by $9 million.
• B)increase consumption by $1 million.
• C)decrease consumption by $9 million.
• D)decrease consumption by $1 million.

Explore the effectiveness of individual interviews and focus groups in generating valuable insights for market research.

Grasp the concept and effectiveness of various observational data collection methods, including the use of people meters and natural observation.

Appreciate the significance of questionnaire data in gathering feedback on attitudes, awareness, intentions, and behaviors.

Recognize the importance of idea generation and evaluation methods in marketing research to foster innovation and meet consumer needs.

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Definitions:

Herzberg's Theory

A motivational theory that suggests job satisfaction and dissatisfaction arise from two different sets of factors: motivators and hygiene factors.

Job Design

The process of organizing work into tasks and responsibilities to improve employee satisfaction, productivity, and effectiveness within an organization.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love, esteem, and self-actualization, in that order.

Herzberg's Motivation-Maintenance Theory

A theory suggesting there are two factors that influence an employee's motivation and satisfaction: motivators and hygiene factors.