Which of the following is TRUE regarding the effect expected future income has on saving?
I. As expected future income increases, saving increases.
II. Young people typically save very little.
III. Middle aged people, earning higher incomes, are not very big savers.
A) I and III
B) II only
C) III only
D) II and III
B
Economics
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When buying a car from a commission salesman you improve your bargaining position by
a. shopping when the new model year cars have just arrived b. shopping when the showroom is full of customers c. shopping when the car lot has many cars left unsold d. shopping toward the beginning of the month
Economics
Refer to the diagrams. The case of substitute goods is represented by figure:
A. A.
B. B.
C. C.
D. D.
Economics