Life-cycle saving is saving:
A. to pay life-insurance premiums.
B. for protection against unexpected setbacks, such as the loss of a job or a medical emergency.
C. for the purpose of leaving an inheritance.
D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
Answer: D
You might also like to view...
A tax on gasoline is likely to
a. cause a greater deadweight loss in the long run when compared to the short run. b. cause a greater deadweight loss in the short run when compared to the long run. c. generate a deadweight loss that is unaffected by the time period over which it is measured. d. none of the above is correct.
A line graph that shows rising and falling profits over several years would have a(n)
a. A 90 degree slope b. downward slope c. varied slope d. almost level slope