A current worker may save more towards retirement so that he or she will have more to leave his or her children later. This altruistic motive is known as the
A. altruism effect.
B. bequest effect.
C. income effect.
D. savings effect.
B. bequest effect.
Economics
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Some mutual funds in the United States are now investing in stocks of foreign firms
By expanding to global financial markets, these mutual funds will be able to diversify their stock portfolios, allowing savers more options to spread their money among many financial investments. This is an example of A) risk sharing. B) providing information. C) investor securitization. D) decreasing liquidity.
Economics
In recent economic history, the U.S. federal budget was in surplus from
A) 2001 through 2005. B) 1998 through 2001. C) 1990 through 1997. D) 1980 through 1989.
Economics