Which of the Following Would Likely Increase Private Saving

question 41

Multiple Choice

Which of the following would likely increase private saving?

• A)both expansion of means testing and a consumption tax
• B)expansion of means testing,but not a consumption tax
• C)a consumption tax,but not expansion of means testing
• D)neither expansion of means testing nor a consumption tax

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Definitions:

Cultural Values

The collective principles, norms, and ideals that shape a society or organization's behavior and beliefs.

Self-Actualization

Bringing to fruition one's natural talents and possibilities, viewed as an essential impulse or requirement inherent in everyone.

Goal Difficulty

Describes how challenging a set goal is to achieve, which can influence motivation and effort levels.

Learned Needs Model

A theory suggesting that people's needs can be acquired or changed through experiences and interactions with the environment.