O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2013 · Q121 Mark

What is most likely to cause a person to save a larger proportion of their weekly income rather than spend a larger proportion of their weekly income?

Adecrease in the tax on goods and services

Bdecrease in weekly income

Can increase in interest rates

Dan increase in the range of products available

✓ Correct answer

C: an increase in interest rates

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2013 Paper 1 Variant 1, question 12.

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