What do we call income that is NOT spent on consumption goods?
A) investment
B) profit
C) asset retention
D) saving
Correct Answer:
Verified
Q3: Which of the following can be defined
Q8: Savings is:
A) the purchase of new capital
Q8: According to the consumption-smoothing theory, a person
Q9: When a person's income is greater than
Q12: Why do people save during their working
Q16: What is an example of impatience in
Q17: The main reason people save during their
Q18: A seasonal worker saves more when her
Q37: Time preference is the desire to:
A) save
Q54: The supply of savings function shows the
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