Personal Saving Is Equal to

question 66

Multiple Choice

Personal saving is equal to

• A) the sum of household saving and unincorporated (small)business saving.
• B) household saving.
• C) corporate saving.
• D) government saving.
• E) public saving.

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Definitions:

Restatement (Third) of Torts

A legal publication by the American Law Institute providing a comprehensive overview of the modern American law of torts.

Restatement (Second)

A collection of model legal rules and principles that aims to simplify and clarify the law, often referring specifically to American law.

Products Liability

The area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

Express Warranty

An explicit guarantee by a seller to a buyer that a product or service meets certain quality and performance standards.