An Intertemporal Budget Constraint

question 15

Multiple Choice

An intertemporal budget constraint

• A) requires the present value of consumption to be equal to the present value of production.
• B) requires total spending in each period to be equal to total consumption in each period.
• C) does not take into account the ability to borrow or loan goods domestically.
• D) categorizes income into permanent and temporary income.
• E) limits consumption to the amount produced in each time period.

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Definitions:

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Online Purchases

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C2C

Consumer-to-consumer, a business model where consumers trade products, services, or information with each other, typically via the internet.

E-commerce Safety

Procedures and methods designed to protect online shoppers and businesses from fraud, theft, and other online security threats.