Bob has heard rumors that his employer will be merging with another firm and many employees may lose their jobs, and he wants to be prepared in case he loses his job. If he begins to save more in response to this rumor, it is a ________ reason for saving.
A. life-cycle
B. public
C. precautionary
D. private
Answer: C
You might also like to view...
Critics of government regulation argue that government interference in the marketplace stifles the "animal spirits" of entrepreneurship.
Answer the following statement true (T) or false (F)
Scarce resources are ultimately allocated toward the production of goods most wanted by society because:
A. firms attempt to maximize profits. B. they are most efficiently utilized in these areas. C. managers are benevolent. D. consumers demand inexpensive goods and services.
In contrast to the need for legal enforcement under a system of direct controls, a taxes approach
A. is subject to greater uncertainty of payment of fees. B. makes taxes automatic and certain. C. speeds the prosecution and conviction process. D. does not actually reduce pollution, merely the cost of monitoring it.
According to the graph shown, if this economy were to open to trade, which amount of surplus would be transferred?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. Area FG would be transferred to the consumer.
B. Area DE would be transferred to the consumer.
C. Area DEFG would be transferred to the consumer.
D. Area FG would be transferred to the producer.