The Save More Tomorrow (SMarT) program found all of the following except that:
A. people want to save more than they typically do.
B. participants quadrupled their savings in just a couple of years.
C. if the default choice is to save a portion of income, people will save more.
D. people were already saving at an optimal amount, so the program had no effect.
D. people were already saving at an optimal amount, so the program had no effect.
You might also like to view...
If the reserve ratio is designated by "r," the amount of deposits a bank can lend out is equal to [D × (1 - r)]
Indicate whether the statement is true or false
There seems to be some basis for concluding that genetic differences in intelligence exist between blacks and whites
Indicate whether the statement is true or false
According to monetarists, the main cause of change in the level prices are changes in
A. investment spending. B. the money supply. C. government budget deficits. D. taxes.
Opportunity cost:
A. is the same as sunk cost. B. includes only monetary expenses. C. is nonexistent for some choices. D. is the net benefit forgone by not undertaking the next best alternative.