In the Lifecycle Theory of Savings,the Sequence of Behavior Is

question 20

Multiple Choice

In the lifecycle theory of savings,the sequence of behavior is as follows:

• A) borrow,dissave,save.
• B) borrow,save,dissave.
• C) save,borrow,dissave.
• D) save,dissave,borrow.

---

Definitions:

Americans with Disabilities Act

A legal statute designed to prevent discrimination towards people with disabilities, encompassing employment, education, transport, and any location, both public and private, accessible to the public.

Age Discrimination in Employment Act

A federal law that prohibits employment discrimination against persons 40 years of age or older.

NAFTA

North American Free Trade Agreement; a treaty among the United States, Canada, and Mexico that eliminated most tariffs and trade barriers.

Free Trade Area

A region where a group of countries has agreed to reduce or eliminate trade barriers among themselves, such as tariffs and import quotas.