Why is it important to save a portion of your income?*1 pointTo be able to spend more on entertainmentTo be prepared for unexpected expensesTo avoid paying for taxesTo qualify for a loan

Saving is something you should do…a. Only when you have extra moneyb. Regularly and consistentlyc. Only when you’re an adultd. Only when there’s something you plan to buy

Saving is important for long-run growth: When households save that money is available for:Multiple choice question.households to borrow for investment; that borrowing leads to more capital and higher production in the future.households to borrow for investment; that borrowing leads to less capital and lower production in the future.firms to borrow for investment; that borrowing leads to more capital and higher production in the future.firms to borrow for investment; that borrowing leads to less capital and higher production in the future.

8. What may cause an individual to save a higher proportion of their income?1 pointA a belief that the price of goods will rise in the futureB a fall in the rate of interest paid by the country’s banksC a fear that income will fall in the futureD a rise in the individual’s wish to enjoy higher consumption immediately

According to the 50-30-20 rule, you should plan on spending 20 percent of your income on _____.A.wantsB.goalsC.needsD.entertainmentSUBMITarrow_backPREVIOUS

Economic theory suggests you should(A)  work work work all the time to maximize your income.(B) save save save all the time because only the long run matters.(C) live your life in a balanced way, making decisions that reflect your best judgements of the relative marginal benefits and costs of your choices.  Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.awork work work all the time to maximize your income.bsave save save all the time because only the long run matters.cthe things in (C).