Which of the Following Are Both Correct

question 8

Multiple Choice

Which of the following are both correct?

• A)Data show no correlation between saving and measures of economic well-being.A reduction in tax rates may reduce saving because of the income effect.
• B)Data show no correlation between saving and measures of economic well-being.A reduction in tax rates may reduce saving because of the substitution effect.
• C)Data show a positive correlation between saving and measures of economic well-being.A reduction in tax rates may reduce saving because of the income effect.
• D)Data show a positive correlation between saving and measures of economic well-being.A reduction in tax rates may reduce saving because of the substitution effect.

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Definitions:

Workforce Analytics

The practice of using data analysis techniques to understand, improve, and optimize the workforce and its processes.

Employee Data

Information that pertains to employees of an organization, which can include personal details, employment history, performance records, and salary information.

Quantitative Tools

Instruments or methods used to collect and analyze numerical data, often employed in research and decision-making processes.

Workforce Analytics

Involves the use of data analysis techniques to understand, improve, and optimize the workforce and human resource practices within an organization.