O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2011 · Q121 Mark

What may cause an individual to save a higher proportion of their income?

Abelief that the price of goods will rise in the future

Bfall in the rate of interest paid by the country's banks

Cfear that income will fall in the future

Drise in the individual's wish to enjoy higher consumption immediately

✓ Correct answer

C: fear that income will fall in the future

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 12.

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