Ted and Alice want to make sure that their children will inherit lots of money when they die, so that their children do not have to struggle the way they themselves did. Saving more in response to this is a ________ reason for saving.
A. bequest
B. private
C. life-cycle
D. precautionary
Answer: A
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The concept of vertical equity is that
a. income should be taxed instead of property. b. property should be taxed instead of income. c. there should be little movement up or down the social scale. d. persons who are unequal should be treated unequally.
Explain the implications of outsourcing for employment and wages in the domestic and foreign labor markets
What will be an ideal response?
In a competitive market where the elasticity of the market demand curve is -1.5, the number of firms is 20, and an individual firm faces a residual demand curve with an elasticity of -68. What is the elasticity of the supply curve?
A) 0.5 B) 1.2 C) 2 D) Cannot be determined.
The quantity of loanable funds available to a corporation depends on the
A. Price of its stock. B. Interest rate the company is willing to offer. C. Present worth of the company's dividends. D. Dividends the company is willing to pay.