Refer to the above figure. The figure represents the saving function for the consumer. Point B represents
A. the amount of autonomous consumption.
B. a situation in which saving is positive.
C. a situation in which saving is negative.
D. the point at which saving equals zero.
Answer: D
You might also like to view...
Which of the following is not classified as a capital input?
a. A John Deere factory. b. A Hewlett-Packard laser printer. c. A cement mixer. d. 500 shares of General Motors stock.
An imaginary situation in which people have no knowledge of what their place in society is to be is?
A. first position B. start position C. original position D. pole position
Cheryl is a professor at a local university. She hired a student from the university to babysit for her children and paid the student a wage higher than the typical wage paid to babysitters in her area to ensure the babysitter's reliability and that attention is paid to her children. What is the name for this above-equilibrium wage?
The effects of inflation on the price competitiveness of a country's products may be offset by:
a) An appreciation of the currency b) A revaluation of the currency c) A depreciation of the currency d) Lower inflation abroad