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Exchange of consumption today for consumption in a latter period b. Information acquisition regarding characteristics of loan applicants (the screening problem) d.
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The official headquarters of the House of Representatives is at the Batasang Pambansa (literally, national legislature) located in the Batasan Hills in Quezon City in Metro Manila.
The building is often simply called Batasan and the word has also become a metonym to refer to the House of Representatives. Notice the one-party dominance of the Nacionalistas from 1907 to 1941, the two-party system with the emergence of the Liberal Party in 1946, the return of one-party dominance by the KBL from 1978 to 1984, and the multiparty system from 1987 to the present.