Saving to meet long-term objectives-such as retirement, college attendance, or to purchase a home,-is called ________ saving.

A. public
B. precautionary
C. life-cycle
D. bequest


Answer: C

Economics

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The mayor of Nizambora wants to set up street lights in every locality. The cost of setting up street lights in each locality is $900 . The estimated population of each locality is 100 . Despite not paying for the streetlights, the citizens where asked how much they were willing to pay for them. This was found to be $10 per person. Should the government provide street lights to every locality?

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During recessions, banks typically choose to hold more excess reserves relative to their deposits. This action

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Economics

Governments are most likely to adopt trade restrictions because

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Economics