Diagrams Illustrating the Consumption Choices for a Corporation Show the Two

question 18

Multiple Choice

Diagrams illustrating the consumption choices for a corporation show the two period trade-off as originating in the northwest quadrant, or (-X, Y) , because:

• A) corporations have a tendency to waste resources.
• B) unlike an individual, corporations have no consumption endowment.
• C) each investor cannot maximize their own consumption.
• D) people differ in tastes and preferences.

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Definitions:

Executive Agreement

An agreement made between the President and a foreign government that is less formal than a treaty and does not require Senate ratification.

Advice And Consent

A constitutional power given to the U.S. Senate to ratify treaties and approve presidential appointments to the executive and judicial branches.

President

The head of state and head of government in a republic, particularly referring to the chief executive of the United States.

Declare War

The formal announcement by a governmental authority that a state of war exists between it and another nation.