The Study of Moral Values or Principles That Guide Our

question 102

Multiple Choice

The study of moral values or principles that guide our behaviour and inform us whether actions are right or wrong is known as

• A)morality.
• B)values.
• C)ethics.
• D)rational decision making.
• E)heuristics.

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Definitions:

Disposable Income

Resources meant for household spending and saving once income tax obligations are settled.

APC

The average propensity to consume, which is the fraction of total income that is spent on consumption as opposed to being saved.

Saving

The portion of income not spent on consumption, often set aside for future investments or expenditures.

Disposable Income

The amount of money individuals or households have available to spend or save after taxes have been accounted for.