The amount of consumption expenditure that takes place when income is zero is
A) called induced consumption.
B) called zero-based consumption.
C) equal to zero.
D) called autonomous consumption.
E) equal to saving.
D
You might also like to view...
According to your textbook, critics of "globalization" often fail to understand that
A) money makes the world go round. B) voluntary trade is mutually beneficial. C) economics applies only to capitalist economic systems. D) greed is better than love.
President Bush lowered taxes on capital gains and dividends in 2003. Explain how this might increase aggregate supply
What will be an ideal response?
If the tariff on computers is not changed, but domestic computer producers shift from domestically produced semiconductors to imported components, then the effective rate of protection in the computer industry will
A) increase. B) decrease C) remain the same. D) depend on whether computers are PCs or "Supercomputers." E) no longer apply.
In banking-oriented systems, handling of the manager-stockholder conflict in large firms is through
A) rating agencies. B) the potential for takeovers. C) management ownership of the firm. D) bank ownership of the firm.