An individual's consumption and saving behavior during a given year, as a result of a planning process that considers his or her lifetime economic situations, is known as the
A. lifetime model.
B. consumption model.
C. life-cycle model.
D. income model.
C. life-cycle model.
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Net exports are the sum of
A) the current account balance and capital account balance. B) the balance of payments accounts. C) exports and imports. D) the private sector balance and the government sector balance. E) the current account balance and the official settlements account balance.
Bank B takes 15,000 mortgage loans, bundles them together, and then sells slices of the bundle. This is descriptive of
A) creating a mortgage-backed security. B) creating a mortgage-backed liability. C) buying a collateralized debt obligation. D) selling a simple loan. E) none of the above
U.S. exports:
A. have tended to decrease over time as a percentage of GDP. B. constitute a relatively low share of GDP compared to most other nations. C. make up about 12% of GDP. D. Both A and B are true.
Exhibit 11-13 A monopsonist's supply and marginal revenue product data Workers Wage Rate MRP 1 $ 8 $50 2 9 25 3 10 20 4 11 17 5 12 16 6 13 13 In Exhibit 11-13, how many workers will the monopsonist hire?
A. 4. B. 5. C. 3. D. 6.