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