Another name for a consol is a ________ because it is a bond with no maturity date. The owner receives fixed coupon payments forever

When production generates a negative externality, the true cost of production is the ________ cost of production

A) private B) external C) social D) average

A theory of saving is necessarily a theory of consumption, because ________

A) by definition, any unit of disposable income that is not a consumption expenditure is a unit of saving B) consumption decisions are made after saving has occurred C) private saving is equal to private investment D) the goal of consumption choices is to achieve the desired level of savings