Quiz #10
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Money available to a household over and above what is required to have a comfortable standard of living is called ________.
discretionary income
A ________ is an economy that is driven by a fairly small group of rich people.
plutonomy
Which of the following is NOT listed as a determiner of how much a person will save (saving rate)? A) The individual's own sense of optimism about his or her personal circumstances B) The relationship between the lending prime rate and growth rates C) World events such as wars D) Cultural differences
B
The best predictor of major expenditures that do not have status or symbolic value is ________.
income
Consumers who buy everything in sight are called ________.
spendthrifts