What Will Happen to the U

question 101

Multiple Choice

What will happen to the U.S.workforce over the next decade or so?

• A) There will be a surge of young workers,who are borrowers.
• B) There will be a surge of workers in their prime earning years,who are savers.
• C) There will be a surge of people leaving the workforce to become dissavers.
• D) Consumption smoothing will become increasingly common.
• E) Consumption smoothing will become less and less common.

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Definitions:

Specially Endorses

When a negotiable instrument, such as a check, is endorsed by specifying the person to whom it should be paid, creating restrictions on its further negotiation.

Shelter Rule

A legal principle allowing a transferee to obtain the rights of a transferor in a transaction, even if the transferor lacked certain rights, under certain conditions.

Article 3

Refers to a specific section within a larger document, such as a Constitution or a code, often needing the context of the particular document to define accurately.

Forgery

is the fraudulent creation or alteration of a document with the intent to deceive others.