A Consumer Is a Borrower If

question 64

Multiple Choice

A consumer is a borrower if

• A) optimum current consumption is less than current disposable income.
• B) optimum current consumption is greater than current disposable income.
• C) future disposable income is greater than current disposable income.
• D) the consumer's indifference curves are relatively steep.

---

Definitions:

Ownership

Ownership is the legal right or title to an asset or property, giving the owner control over its use and disposition.

Grapevine

An informal channel of communication, separate from management's formal, official communication channels.