Bequest saving is saving:

A. for protection against unexpected setbacks, such as the loss of a job or a medical emergency.
B. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
C. for the purpose of leaving an inheritance.
D. done in anticipation of sales or bargain in the future.


Answer: C

Economics

You might also like to view...

When tax revenues ________ outlays is positive, then the government has a budget ________

A) plus; deficit B) minus; deficit C) minus; surplus D) plus; surplus E) divided by; surplus

Economics

In the above figure, what is the marginal social benefit of the four-hundredth pretzel?

A) $0 B) $2.00 C) $3.00 D) $4.00

Economics

In perfectly competitive markets, transactions costs are:

A. generally quite high. B. seen as a nuisance and generally ignored when making a transaction. C. low or nearly zero. D. a natural byproduct of making the transaction.

Economics

Regarding the purchasing of INSURANCE in particular, the most important difference(s) between "adverse selection" and "moral hazard" in general is/are that

A. adverse selection deals with "hidden information," whereas moral hazard deals with "hidden actions." B. usually the insurer worries more about adverse selection BEFORE the insurance is purchased, whereas it worries more about moral hazard AFTER the insurance is purchased. C. Both of the above statements are true. D. None of the above statements are true.

Economics