Some colleges charge for student parking. Currently, your college does not charge for parking but the administration announced a possible charge of $2 per day. You are not sure when the new parking policy will start; therefore you decide to keep a $5 bill in your wallet. You hold to $5 for the:

A. impulsive motive.
B. money creation motive.
C. speculative motive.
D. precautionary motive.

Answer: D

Economics

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Based on the lost-income approach, which of the following 30 year old males would most likely be worth the most in terms of the value of his life?

A) Devin, a high-school dropout who works as a barista. B) Antonio, a college graduate who is on permanent disability due to severe diabetes. C) Timothy, a licensed electrician with two years of college. D) Jamal, a CPA with a master's degree in accounting.

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The slope of an inverted U-shaped curve is infinity at the top of the curve

a. True b. False

Economics